The Luxembourg government has published its proposal to implement the EU Mandatory Disclosure directive. Qualifying intermediaries and, in some cases, taxpayers will have to report certain arrangements to the relevant tax authorities.

The Luxembourg Parliament has adopted a draft law introducing new measures related to shareholders’ rights in listed companies. The main objectives are to encourage the long-term engagement of shareholders in listed companies, reinforce shareholders’ rights and increase the transparency of institutional investors, asset managers and proxy advisors.

The bill of law extends the scope of existing anti-hybrid rules. Its content is very similar to the one of ATAD2. It implements ATAD2's carve-outs and clarifies some notions such as "acting together".