Asset Managers · Consultants · Law & Tax Firms · Wealth managers · Regulation · Funds

Reverse hybrid rules playing major role in funds

Maxime Budzin, Clifford Chance

The Luxembourg government clarified its application of the reverse hybrid rule in the EU’s second anti-tax avoidance directive (ATAD-2) last November, in 2022. It made clear that tax-exempt investors are exempt from the application of the reverse hybrid rules and clarified when they do apply to other investors.

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