On 17 July 2024, the Luxembourg government submitted a draft law (Draft Law) to Parliament containing certain individual income tax, corporate income tax (CIT) and fund taxation measures.The proposed changes for corporate taxpayers include a reduction of the corporate income tax rates, modernization of the procedural framework for private asset management companies (sociétés de gestion de patrimoine familial or SPFs) and subscription tax exemption for certain Exchange Traded Undertakings for Collective Investment in Transferable Securities (UCITS ETFs).  Executive summaryOn 17 July 2024, the Luxembourg government submitted a Draft Law to Parliament containing a variety of tax measures. Overall, the proposed...