On 21 April 2016, Luxembourg's Minister of Finance Pierre Gramegna announced to a parliamentary committee that certain aspects of the previously announced tax reform package for 2017 ({News-2016-03-02/P/2- previous coverage}) would be revised. The main revisions include: Allowing losses to be carried forward for up to 17 years, while limiting the amount of taxable income that may be offset per year to 75% (initial proposal included 10 year carryforward and 80% offset); Increasing the tax credit for increased investments in tangible depreciable assets from 12% to 13%, and increasing the tax credit for the first EUR 150,000 of qualifying new...