ISSN:
2196-6842
Content:
The tax exemption of interest revenues and the high level of professional secrecy were the unique selling points of Luxembourg for the German banking community. From the 1960s to the 1990s, they were the main causes for the rise of Luxembourg to one of the biggest euromarket places. The government of Luxembourg used these institutional factors to foster and accelerate the economic transformation from an industrial to a post-industrial country. The German banks did not reduce or even discontinue their presence in Luxembourg after the end of tax exemption and strict banking secrecy. Instead, they specialized on syndicated loans, treasury functions and Private Wealth Management for wealthy clients.
Note:
Literaturangaben
In:
Jahrbuch für Wirtschaftsgeschichte, Berlin : De Gruyter, 1960, 64(2023), 2, Seite 317-337, 2196-6842
In:
volume:64
In:
year:2023
In:
number:2
In:
pages:317-337
Language:
German
Keywords:
Aufsatz in Zeitschrift
DOI:
10.1515/jbwg-2023-0012
Author information:
Kopper, Christopher 1962-