Mandatory Disclosure Rules (MDR) emerged following the OECD’s ambitious anti-tax avoidance project on Base Erosion and Profit Shifting (BEPS) launched in 2015.

Also known as DAC 6, it is the latest EU initiative regarding the automatic exchange of tax information. Aimed at identifying harmful tax practices and further increasing tax transparency, MDR will impact various intermediaries (including asset managers) involved in cross-border arrangements, and their investors.

In 2018, roughly 97% of net assets under management in Luxembourg were derived from initiators outside of the Grand Duchy, meaning MDR could lead the Luxembourg fund business to over-disclose... click here to read more