Luxembourg's Finance Minister Pierre Gramegna has stated that Luxembourg will pass legislation in 2015 for the introduction of a new IP regime in line with the recently agreed upon modified nexus approach proposed by the OECD. The modified nexus approach has been agreed upon by all OECD and G20 countries.
Under the modified nexus approach, in order for preferential tax treatment to apply, there must be nexus between the location of the activities generating the eligible income and the jurisd…