FATCA: What does it mean for the Luxembourg fund industry?
FATCA is expected to have a significant impact on the Luxembourg financial sector. Wort.lu/en spoke with Sandrine Leclercq, Counsel for Baker & McKenzie Luxembourg, about what fund service providers based in the Grand Duchy should expect.
The Foreign Account Tax Compliance Act, more commonly known as FATCA, is expected to have a significant impact on the Luxembourg financial sector. Final regulations were released earlier this year and July 12 saw additional guidelines issued by the US Treasury.
Wort.lu/en spoke with Sandrine Leclercq, Counsel for Baker & McKenzie Luxembourg, about the significant developments in the final version of the regulations and what steps fund promoters, managers, distributors and other fund service providers could take.
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