Luxembourg's Minister of Finance submitted Bill No. 6891 to parliament on 13 October 2015, which includes tax measure for 2016, and presented the budget for 2016 the following day. The main proposals are summarized as follows. IP Regime Abolished Because the current IP regime is not in line with the modified nexus approach of Action 5 of the OECD BEPS Project, it will be abolished effective 1 July 2016, with a 5-year grandfathering period. For IP acquired from a related entity after 31 December 2015, the grandfathering will be limited unless the IP was already eligible for the Luxembourg IP...