What do Pride month, #MeToo, #MenToo and Black Lives Matter have in common? All of these movements, although having very different backgrounds, deal in some way or another with discrimination and are challenging the societal norms in which we live in. The constant flare-up of these movements, as well as …
Have you heard about the growing focus of the Luxembourg tax authorities (LTAs) on the value added tax (VAT) and transfer pricing (TP) positions of Luxembourg’s taxpayers? In fact, the global trend is for tax authorities to require more and more information about the local and cross-border intragroup transactions to …
One of a pair of twin brothers dies. When a foolish student runs into the surviving twin, he asks, “Did you die, or was it your brother?” This joke comes from the Philogelos, the oldest existing collection of jokes, written 1,600 years ago. Most of them are quite childish or …
Today, the entire banking sector represents half of Luxembourg’s financial services market. However, between 2010 and 2020, the number of banks operating in Luxembourg decreased from 147 to 128, which translated into a decline in net results from EUR 3.8mn to EUR 3m. Yet, when looking at the corporate banking …
The recent evolution of the regulatory and tax landscape as well as the considerable growth of various industries like alternative investment is imposing a reorganisation of several players. Going forward, we believe that delegation/co-sourcing will have an important role to play. But more than ever, entities will have to consider …
Customer-centric organisations are much better positioned for market leadership. But many are faced with two core problems: 1) they’re too focused on incremental improvements to existing services and products in silos, or 2) they’re simply not customer-centric enough, having only a partial view of their customer needs. Today, organisations should …
The stereotype that actuaries can only work in the insurance industry focusing on reserves and premiums is wrong, and, unfortunately, they are stuck with this prejudice to this day. That said, we have to admit there is some truth to it as indeed the majority of actuaries are still busy …
At this point, we’ve all gotten used to the word “crisis”. It’s entrenched in our daily vocabulary. We can barely pass a week without something being referred to as a crisis. In this blog entry, we will revisit some of the main points shared during the Journée de l’Economie event …
Vehicles. There are the ones made out of steel, fibreglass and plastic and the ones of the investment world. “Seriously, why are there so many investment terms, mother?”, asked the oldest son of the Krabbs, holding a pamphlet, uneager to take over the responsibility of the family’s patrimony. Mrs Krabbs, …
The world needs globally accepted sustainability reporting standards to ensure transparent, comparable information for all stakeholders – businesses, investors, customers, employees, suppliers, regulators and governments. The quality of ESG reporting should be as high as it is for financial reporting and should be capable of being assured. This ensures a …
