Corporate Debt Waivers in Luxembourg – Consequences and Tax Planning Opportunities
Journal
Luxembourg
European Taxation 2010 (Volume 50), No. 1
Corporate debt waivers are a common feature of financial reorganizations and have soared amid the current economic downturn. The tax consequences of corporate debt waivers for companies and their shareholders must be carefully examined before implementation. This comprehensive article seeks to clarify the tax treatment of corporate debt waivers in Luxembourg and considers tax planning strategies to mitigate related tax risks.