News

Luxembourg fund tax income flat as Raif proceeds surge

Banks, not funds, contribute most to Luxembourg’s economy
Proceeds from Luxembourg registration tax for investment funds remained flat at 1.3 billion euro last year as a small decline at Ucits funds was offset by a steep increase in proceeds from reserved alternative investment funds, or Raifs. The development reflects the growing importance of alternative investment for Luxembourg, although this market remains .
limited_access.body_anonymous