|
|
Komfie Manalo, Opalesque Asia: Forty years of political stability in Luxembourg has brought an uninterrupted focus on financial investments, said Christophe Diricks, a tax partner at audit and consulting firm Deloitte at the recent Opalesque Luxembourg Roundtable.
Diricks added that with a right-side government, Luxembourg should expect the administration to be also very open-minded for investors, for financial institutions and investments.
He told participants of the Roundtable, "One very important factor that drives the business is the political stability. As a tax adviser, I can observe that over the last 15 years the Netherlands had a number of government changes, from left to right, which of course can affect many things like how to spend and how to invest money. If you are coming from left and then four years later to the right side, then you have, sometimes, backwards-directed decisions in terms of tax policies."
Philippe Burgener, a counsel at an independent Luxembourg law firm Elvinger, Hoss & Prussen agreed that the political stability in Luxembourg indeed is making a difference.
He said that the last parliamentary elections in Luxembourg resulted in the dominant party for the last decades being evicted from government, but even though they had a chang...................... To view our full article Click here
|
|
RSS
