Today, tax regulations, at both the local and international level, are becoming more and more complex. Considering the current global economic context, this trend is expected to continue in the coming years.
In addition, businesses are increasingly expected to take into account the requirements of public and private stakeholders, in particular with regards to social objectives and sustainability. As a result of the political environment and heightened social awareness, the business practices of the past have been challenged and now the global community is asking for greater transparency in corporate tax strategies.
In response, PwC Luxembourg has set up a team of tax professionals, the Tax Research and Technical Group, to provide unique insight into the development of tax policy in Luxembourg and the impact of changes in international tax regulations.
Shaping our future tax environment
The Tax Research and Technical Group is dedicated to the analysis of evolutions in the Luxembourg tax system, focusing on the issues and opportunities that match political and economic concerns both locally and internationally. The Tax Research and Technical Group aims not only to maintain and foster an in-depth understanding of the Luxembourg tax system, but also to promote ideas on how the system could be improved by taking into account and anticipating trends and challenges in the EU and further afield. We contribute to shaping the tax environment by commenting on draft law proposals, liaising with professional associations and discussing tax matters with the Luxembourg tax authorities and government and releasing articles.
Developing tax knowledge and expertise
The Tax Research and Technical Group closely follows the evolution of the international tax environment, including European tax initiatives, in order to anticipate changes and identify opportunities for our clients. Recent developments at OECD and EU level have led markets to place more focus on technical knowledge and expertise.
Since expertise is the foundation of any tax service, the Tax Research and Technical Group coordinates PwC Luxembourg's tax practice to continuously raise the quality of our services. In this respect, we collect tax information in Luxembourg and abroad (draft law proposals, case-law, administrative practice, etc.) and disseminate the results of our work internally and on the market to enhance tax awareness among tax and non-tax experts.
The Tax Research and Technical Group works in close cooperation with PwC's EU Direct Tax group, which plays a leading role in developing cutting-edge EU law compliant solutions to help our clients. More information on this topic can be found here.
