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Luxembourg
Experience: Advanced
Platform: NinjaTrader
Broker: IB / Kinetick
Trading: ES, CL
Posts: 484 since Apr 2012
Thanks Given: 667
Thanks Received: 649
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Hehe yes of course I've seen the LuxLeak news last week.
But it has nothing to do with this kind of companies, it is more about negotiating tax rates with government, because today not all companies get the same tax treatment, etc... depends on your negotiating power, and capital size, and so on.
But talking of Bruxelles, there was a different type of companies in the past here in Luxembourg that were allowed even greater liberty for more than 60 years; but then under pressure from EU got replaced in 2007 by this new SPF form, which with all honesty took like 90% of the details from the previous ones, and modified barely few points to make it fit with the new EU rules.
I am really not worried in this regard, they always find a way around it.
And if they do in the first place, it is because those EU rulers themselves, take advantage of such fiscal setups for their own fortune that it would make it impossible for them to vote against it ;-)
Just play the game, along side the big shark... just like trading for us small retail players, get on the side of big market players and ride the wave, right?
Think about it...
Cheers
Fadi
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