Luxembourg has introduced a 0.5% tax on individual income. The tax was originally introduced as a special contribution for the future of children, but was restated as a budget balancing tax under the State Budget for 2015. The tax applies to all individual income, including professional and replacement income, as well as dividends, interest and capital gains income. For professional income, the tax basis is gross income less the minimum wage (3/4 minimum wage for self-employed). For replacement income, the tax basis is gross income less 3/4 of the minimum wage. For dividend, interest and capital gains income, the tax...