Monday, January 11, 2010

Luxembourg-Bahrain, Gulf Daily News » Business News » Bahrain in key deal with Luxembourg

Gulf Daily News » Business News » Bahrain in key deal with Luxembourg

It sure consolidates a Luxembourg financial center, to strengthen ties with GCC countries.

When Luxembourg promotes itself

The Luxembourg Government has launched an interesting and creative video campaign to promote Luxembourg.

http://www.promoteluxembourg.com/content/business

In a series of 10 clips, various facets of Luxembourg life and business are presented in a dynamic way. Really well done. Good job!


It is a surprisingly coordinated effort in a country that boasts one hundred medieval castles, a reason to visit there all by itself. But I'm rather talking about the one hundred strongholds, reservations and privileged territories staked out by jealous politicians and civil servants who in any country make such a common effort usually impossible. So, behind the project some magic occurred to make this a unified effort.


There is only one thing that intrigues me. Psst, Producer! I know that none of your clients really supervised you. Were they bureaucrats? But that one thing, was it done on purpose? An oversight? A typo?


BUROCRACY IS MISSPELLED! But on second thought, leave it in there. It shows that Luxembourg knows nothing about bureaucracy, cannot figure out how it works or how it is spelled. With some afterthought, it is a subliminal way to document that Burocracy, or whatever, doesn't exist in Luxembourg.


You could also turn this into a quiz: the first person, myself excepted of course, to find a typo wins a free trip for two to Luxembourg.






Monday, January 4, 2010

Flights from Luxembourg to Canada? - Topix

Flights from Luxembourg to Canada? - Topix

Yep, that's what they say!
Not only Luxembourg - Winnipeg via Reykjavik.

Also Luxembourg - New York, as in the good old days of Icelandair.

One word of resentment though. How come Icelandair stopped flying from Luxembourg in the 90's? After a multi million bailout by the Luxembourg Government?

What about some really cheap tickets for Luxembourg tax payers as a refund?

Otherwise, good luck.

Saturday, December 26, 2009

Seattle Fran's smoked salt caramels in chocolate are sooo good!

OMG! I thought and you thought we knew it all. If indeed my blog is your only source of information about world events, then we both missed this. Oh no, catastrophy, read here for yourself:

AllGov - News - Ambassador to Luxembourg: Who is Cynthia Stroum?

Where are we supposed to get her smoked salt caramels in milk chocolate? How will she feel abouth Kachke'is, Bouneschlupp and Nonnefaschten without that smoked salt thing? We should secretly re-engineer Fran's stuff, because the real thing is only available in WA State. Maybe, just buy some sampling here online: http://www.franschocolates.com/story.php

Thursday, December 10, 2009

American Ambassador Stroum Arrives in Luxembourg

Remember Pearle Mesta? The first woman ever to be US Ambassador? To Luxembourg? And Irving Berlin's musical "Call me Madam"?

When Pearle moved to Luxembourg, she got confused and lost at the French-Belgian border. Truman's fault. Didn't she ask: "Hey Boss, where the heck is Luxembourg?"

Whereas Cynthia Stroum, according to this chronicle didn't miss the small target.



Saturday, December 5, 2009

Luxembourg: Tax Avoidance Undercut from Down Under


Seemingly solid tax avoidance strategies are the next targets in the War on Tax Havens. At the moment when "tax rulings" are under scrutiny, Australian tax authorities have issues with the strategies played around the ownership of the Myer department stores chain.
In a complicated square dance, where financial engineering set up structures in the Netherlands, Luxembourg and the Cayman Islands, a $1.5 billion profit went untaxed. This is of course heartbreaking for Australian tax authorities. Many other tax departments around the world would feel the same pain. And I bet that they have their own case load and are watching. Eventually some sort of G 8 to 20 will find the Australian approach as extremely clever. This is what is going to happen:

  • Some G 8 to 20 will show how upset they are about tax avoidance. And the missing money.
  • They will come up with a very sophisticated equation: tax avoidance = tax evasion.
  • They will find an international body to set up new rules copied on Australia's. OECD, UN or really anything. It could be Red Cross as it is about bleeding money.
  • Tax havens will scramble to give the illusion that they comply with the bullies' new equation.
  • The Big Four will scramble to find ways to give the illusion of compliance with the bullies' new equation.

But business will no longer be what it used to be.

This is a wonderful illustration of a real case that is supporting my speculation above: