On Wednesday 13 April 2016, Prof. Dr. Christopher Kopper of the Universität Bielefeld will be providing a lecture on 'The Internationalisation of Savings Investments', drawing on Luxembourg as an example.
Luxembourg's economic structure has gone through fundamental changes since the 1970s, with the advent and expansion of its iron and steel industry placing it just behind London and Paris as Europe's third biggest hub for the Eurocurrency market and, as a recent graphic by the Independent newspaper showed, making steel products, machinery and transportations equipment the country's primary exports.
The Grand Duchy has benefitted from the burgeoning supply of money and capital seeking investments as well as the growing monetary demand of lesser-developed nations, whilst the development of its wealth management sector and status as a low tax resort has attracted tax-conscious foreign investors to an extent comparable with Switzerland. In the late 1980s, Luxembourg's banks were responsible for 25% of the country's tax revenues, whilst it's biggest foreign bank passed the steel industry as the biggest corporate tax payer.
The event, organised by the University of Luxembourg, etika and ALEH, will take place at 18:30 in the Tavenas Room at the Limpertsberg Campus of the University of Luxembourg. The lecture will be an opportunity to wander into Luxembourg's banking history. It will take place in English with French translation. Entry is free. For more information, click here.
