Mr. Mark Mahabir (Director of Policy, Costing, Office of the Parliamentary Budget Officer) at the Finance Committee

On June 20th, 2019. See this statement in context.

June 20th, 2019 / 11:15 a.m.

Mark Mahabir Director of Policy, Costing, Office of the Parliamentary Budget Officer

As Yves said, there are a lot of holding companies in Luxembourg. There are also no withholding taxes on royalty payments and dividend payments. That's one of the reasons why we're having a lot of transactions with that jurisdiction.

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