10 October 2007 |
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Proposal for a future decrease and abolition of Luxembourg capital duty
A Luxembourg bill on the Luxembourg 2008 Budget was introduced on 10 October 2007. The Luxembourg government has decided to gradually phase out the current capital duty of 1%. The proposal foresees a reduction from 1% to 0.5% starting on 1 January 2008 and a complete abolition by 2010 at the latest.
