KPMG has a significant presence in Luxembourg, with more than 290 professionals, including 32 partners and assorted directors. The Luxembourg tax team is led by financial sector specialist Sébastien Labbé. He also leads the corporate tax working group at the Luxembourg banking association. It is renowned in the financial sector for alternative investments, under partner David Capocci.
The firm provided analysis on a European bank’s cross-border lending transaction pertaining to foreign tax credit. It also counselled Luxembourg life insurance companies on BEPs 2.0 Pillar Two implications.
Director Michael Hansez and senior manager Nitish Bole joined the firm during the research period. Outgoing partner Laurence Lhôte retired in December 2022.
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