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TAX NEWS: LUXEMBOURG EXPANDS ITS DOUBLE TAX TREATY NETWORK

Luxembourg is rapidly expanding its double tax treaty network. Within the last 6 months Luxembourg started negotiations with Bahrain, Kazakhstan, Cyprus and Qatar. On December 11, 2007, Luxembourg signed the double tax treaty with Kuwait. Both the bill approving the double tax treaty with the United Arab Emirates (on September 4, 2007) and the bill approving the double tax treaty with Azerbaijan (November 5, 2007) have been put before Luxembourg Parliament.

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