Luxembourg Under Scrutiny as New Figures Show FDI Figures Similar to US Levels

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Sr. Paolo Gentiloni Silveri, the recently appointed European Commissioner for Economic & Financial Affairs, Taxation & Customs will meet International Monetary Fund (IMF) investigators who have published a report officially classifying Luxembourg as a low-tax jurisdiction.

The IMF report found that Luxembourg attracts foreign direct investment of USD $4 trillion, which is 1/10th of the total foreign direct investment worldwide, and is shockingly about the same as the US’ generation figures.