date:Oct 15, 2012
tructuring to move ultimate ownership of subsidiaries to a Luxembourg parent company.
Outside the highly-stressed situation in Greece, larger blue-chip corporates, especially those with a significant domestic presence, would face strong political resistance as well as the possibility of tax crystallisations and the complexity of debt novation. The prospect of creeping forms of taxation in an austerity-inflicted country is not yet a sufficient incentive. Smaller companies are likely to see limit