http://www.pwc.com/lu PricewaterhouseCoopers Luxembourg: Latest publications, news, press items and more from our industry experts en-en 2006-2008 PricewaterhouseCoopers S.à.r.l. http://www.pwc.com/images/topnav/pwc.gif http://www.pwc.com/lu http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_061108_german.pdf Im Schreiben vom 22. Oktober 2008 hat das Bundesministerium der Finanzen (BMF) die bereits für Spezialfonds bestehenden Einschränkungen des Bestandsschutzes in Bezug auf die Abgeltungsteuer auch auf andere Investmentvermögen ausgeweitet. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_061108_german.pdf Thu, 06 November 2008 17:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_061108.pdf By means of its letter dated October 22, 2008, the German Ministry of Finance has extended the specific transition rules applicable to specialised investment funds (e.g. Luxembourg SIFs) to other investment funds. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_061108.pdf Thu, 06 November 2008 17:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_ifrs_november2008.pdf The Board has issued amendments to IAS 39 and IFRS 7, permitting the reclassification of some financial assets. Jessica Taurae explains. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_ifrs_november2008.pdf Wed, 05 November 2008 17:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_ifrs_november2008_supp.pdf Many entities complete business combinations without acquiring 100% of the target. IFRS 3 Revised, "Business combinations", introduces new requirements for the measurement of non-controlling interests and goodwill for these types of business combinations. It also introduces new requirements for the allocation of impairment losses when grossing up goodwill for impairment testing purposes. Julian Griffiths and Paul Shepherd of PwC’s Global Accounting Consulting Services in Australia look at the detail. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_ifrs_november2008_supp.pdf Wed, 05 November 2008 17:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_im_sicar_221008.pdf On 15 October, the Luxembourg Chamber of Deputies passed a set of legal provisions which amend, among other things, the Law of 15 June 2004 on investment companies in risk capital (“SICAR”). After four years of success, some changes were indeed required to meet the needs of the industry and to continue promoting the Luxembourg investment vehicle dedicated to the venture capital and private equity businesses. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_im_sicar_221008.pdf Wed, 22 October 2008 15:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_211008.pdf On October 14, 2008, the US tax authorities (IRS) announced changes to the QI agreement as well as to the QI audit guidelines. At a conference organized by the British Bankers’ Association on October 16, 2008, Senior Executives of the IRS explained the proposed rules and provided further information on current discussions. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_211008.pdf Tue, 21 October 2008 15:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_ifrs_october2008.pdf The SEC has taken one step closer to the acceptance of IFRS for US companies. PwC has welcomed the announcement in August that the SEC will be seeking comments on a proposed roadmap for the mandatory adoption of IFRS by US issuers. Dave Kaplan and David Schmid look at some of the detail. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_ifrs_october2008.pdf Mon, 20 October 2008 15:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_06102008_2.pdf Am 1. Oktober legte die luxemburgische Regierung dem Parlament einen Gesetzesentwurf zu verschiedenen steuerlichen Maßnahmen vor. Der Gesetzesentwurf bestätigt einerseits die bisherigen Ankündigungen des luxemburgischen Ministerpräsidenten, die dieser im Mai diesen Jahres in der traditionellen „Rede zur Lage der Nation“ gemacht hatte. Darüber hinaus enthält der Entwurf weitere steuerliche Maßnahmen, die für die Wirtschaft von wesentlicher Bedeutung sind. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_06102008_2.pdf Mon, 06 October 2008 15:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_06102008.pdf In the state of the nation address given on 22 May 2008, Luxembourg Prime Minister Jean-Claude Juncker had announced that taxes would be lowered. This bill confirms the announcement and provides for a number of individual tax measures. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_06102008.pdf Mon, 06 October 2008 15:00:00 GMT http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_021008.pdf On 1st October, the Luxembourg government put forward to Parliament a proposal for new tax measures (provided for in the draft budget and in a separate bill). This proposal confirms some of the previous announcements made by the Luxembourg Prime Minister in the traditional "state of the nation" address given in May 2008. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_tax_021008.pdf Thu, 2 October 2008 17:00:00 GMT