The Unusual Luxembourg Tax Break That Lets Firms Profit From Loss
General view of the city of Luxembourg October 11, 2013. Luxembourg's voters will take to the polls in a general election on October 20.
LONDON (Reuters) - "Life in Luxembourg is simply different," says its government website. The same could be said of tax in the Grand Duchy. It's known for its generous tax policies, but what's less familiar is a Luxembourgrule that lets companies cut their income taxes using costs that they haven't actually borne - a break offered by almost no other state.
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