In the sixth and final part of a series on the end of banking secrecy for non-residents, Delano reports on the benefits of Luxembourg being perceived as a stable country, the work being done for the country to keep its edge over the competition and the efforts undertaken against virtual tax evasion.
In the fourth installment of a six-part series, Delano reports on the necessary paradigm shift that took place for private bankers to be successful, the Brexit windfall and the gradual benefits of improving Luxembourg’s financial reputation.
In the third instalment of a six-part series, Delano reviews the consequences, challenges and opportunities related to the end of bank secrecy for non-residents. Local actors, such as many private banks, addressed them head-on, while Brexit helped soften the blow on private banks by increasing the business for financial institutions and private investments.
In the first instalment of a six-part series, Delano outlines the sequence of events that led to the end of bank secrecy for non-residents in Luxembourg. The country gave into the intense pressure from its large neighbours in Europe and further abroad and fully implemented the European regulations on information exchanges on requests between tax authorities.