Newsletter March 2013
This issue's dossier is dedicated to Switzerland. Three articles will focus on the country's most important assets: its economical situation, its banking sector and its image. Alfred Steinherr, Professor of Economics and Finance at the Sacred Heart University in Luxembourg, analyses the recent developments in the Swiss financial sector. Swiss banks in Luxembourg have their say about their strategy in the Grand Duchy and finally, Nicolas Bideau, Head of Présence Suisse, talks about in nation branding.
FATCA is a piece of US legislation that pursues two main goals: identifying and disclosing US account holders abroad and combating tax evasion. Its ultimate objective, however, is to obtain information on what is taxable rather than to levy penalties. Christophe Wintgens, Partner, Advisory Financial Services Leader at Ernst & Young Luxembourg, is an expert on FATCA.
Around the world, Luxembourg can count on a wide network of embassies and Trade and Investment Offices. Those are the first point of contact for foreign investors.
No, it wasn’t Sprüngli in Switzerland or Ladurée in France that invented the famous little multicoloured Macarons, also called Luxemburgerlis. The very first recipe traces back to the Luxembourg patisserie Namur. The oldest confectioner in the Grand Duchy, Namur celebrates its 150th anniversary this year.