A brief roundup of what’s been going on in Europe…
Luxembourg has entered into a tax treaty protocol with the US. This should bring it into closer conformity with current US.tax treaty policy to allow for greater tax information exchange that will enhance efforts to bolster tax compliance and combat tax evasion.
The Luxembourg Protocol incorporates the modern international standards for exchange of information between the two countries’ tax administrations. The protocol to the 1996 income tax treaty between the United States and Luxembourg entered into force on 9 September 2019, u...