Luxembourg –the Only Culprit for Non-Compliance Of OECD’s Unfair Tax Treatment Rules

The OECD (Organization for Economic Co-operation and Development) began its review of tax practices in the year 2000 and cited 47 nations as having potentially harmful practices in place. Notwithstanding, between announcing the initiation of the review and producing the results of it on September 26th 2006, only Luxembourg has failed to comply standards set by OECD for the removal of unfair tax treatment. It should also be noted here that European Union is also of the view of preventing harmful tax competition between member states.

The following questions have been addressed in this article:

What are the EU rules or code of conduct for ensuring fair tax treatment between cross-border member countries?
Why has Luxembourg failed to meet the OECD’s standards set for unfair taxation treatment?


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