The European Commission has ruled that global online retailer Amazon must repay €250 million in illegal state aid that was granted to it by Luxembourg as tax benefits. The Commission stated that under a rule adopted by Luxembourg Amazon paid substantially less tax than other businesses. The Commission launched its investigation in October 2014 which has found […]
Read MoreThe Luxembourg Stock Exchange has published a revised edition of its Ten Principles of Corporate Governance for listed companies. The new code has maintained the original structure of the ten principles by continuing to rely on three sets of rules: principles (“comply”); recommendations (“comply or explain”); and finally guidelines. A copy of the principles is currently […]
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