On 14 December 2016, the Luxembourg parliament reportedly approved the legislation to implement the tax reform measures for 2017 (Law No. 7020). Some of the main reform measures are summarized as follows: Reduced Corporate Tax Rates The standard corporate tax rate is reduced from 21% to 19% in 2017 and to 18% in 2018; and The reduced corporate tax rate for small businesses is reduced from 20% to 15%, and the threshold for the reduced rate is increased from EUR 15,000 to EUR 25,000 in taxable income. Increased Investment Tax Credits The tax credit for increased investments in tangible depreciable...