On 23 December 2015, Luxembourg published legislation implementing a number of measures as approved by parliament on 17 December 2015. The main measures are summarized as follows. Anti-Hybrid and Anti-Abuse Amendments to the EU Parent-Subsidiary Directive are incorporated into domestic law concerning the participation exemption. Under the rules, the participation exemption provided for in the Directive will not be granted if: A profit distribution made by a subsidiary to its parent company is deductible in the Member State of the subsidiary; or An arrangement or a series of arrangements are put in place with the main purpose or one of...