• Number of ECTS: 0
• Course code: MADE4-57
• Module(s): Module 2: International Taxation
• Language: FR
• Mandatory: No

• Number of ECTS: 0
• Course code: MADE4-61
• Module(s): Module 2: International Taxation
• Language: FR
• Mandatory: No

• Number of ECTS: 5
• Course code: MADE4-EITL-2
• Module(s): Module 2: International Taxation
• Language: EN
• Mandatory: No

• Number of ECTS: 5
• Course code: MADE4-EITL-3
• Module(s): Module 2: International Taxation
• Language: EN, FR
• Mandatory: No

• Number of ECTS: 5
• Course code: MADE4-37
• Module(s): Module 2: International Taxation
• Language: FR
• Mandatory: No

• Number of ECTS: 5
• Course code: MADE4-EITL-5
• Module(s): Module 3: EU Taxation
• Language: EN
• Mandatory: Yes

• Number of ECTS: 5
• Course code: MADE4-EITL-6
• Module(s): Module 3: EU Taxation
• Language: EN
• Mandatory: Yes

• Number of ECTS: 0
• Course code: MADE4-1
• Module(s): Module 1: Luxembourg Taxation
• Language: EN
• Mandatory: No

• Number of ECTS: 0
• Course code: MADE4-3
• Module(s): Module 1: Luxembourg Taxation
• Language: EN
• Mandatory: No

• Number of ECTS: 5
• Course code: MADE4-EITL-1
• Module(s): Module 1: Luxembourg Taxation
• Language: FR, EN
• Mandatory: Yes

• Number of ECTS: 5
• Course code: MADE4-EITL-4
• Module(s): Module 1: Luxembourg Taxation
• Language: FR, EN
• Mandatory: Yes

• Number of ECTS: 5
• Course code: MADE4-19
• Module(s): Module 4 – Investment Taxation
• Language: EN
• Mandatory: Yes

On completion of the course unit successful students will be able to: –        Identifier les sources du droit européen des fonds d’investissement ;-        Maîtriser les notions d’organismes de placement collectif (OPC), d’Organismes de placement collectif en valeurs mobilières (OPCVM) et de Fonds d’investissement alternatifs (FIA) ; –        Distinguer ces produits en fonction de leurs principales caractéristiques ; –        Décrire les grandes lignes du statut et des fonctions des principaux acteurs du droit des fonds d’investissement que sont les gestionnaires de fonds d’investissement et les dépositaires.

Le cours s’articule de la manière suivante : –     Introduction. L’introduction comprend la notion de gestion collective, ainsi que les sources du droit des fonds d’investissement ; –     Partie I – Les OPC. Relative aux produits que sont les organismes de placement collectif (OPC), cette partie distingue les Organismes de placement collectif en valeurs mobilières (OPCVM) et les fonds d’investissement alternatifs (FIA) dans leurs principales caractéristiques ; –     Partie II – Les acteurs de la gestion collective. L’accent est placé sur les acteurs incontournables du droit de la gestion collective que sont le gestionnaire de fonds d’investissement ainsi que le dépositaire.   Le plan détaillé du cours ainsi que les principaux textes seront disponibles sur Moodle.  

• Number of ECTS: 5
• Course code: MADE4-20
• Module(s): Module 4 – Investment Taxation
• Language: EN
• Mandatory: Yes

On completion of the course unit successful students will be able to: –     Distinguish the main financial instruments and certain financial transactions; –     Analyse the Luxembourg (and international) tax consequences of issuing, entering into and holding those instruments and transactions; –     Apprehend the conceptional thinking as to optimize the taxation of a fund structure from an international tax planning perspective

The objective and purpose of this course is summarized by its very title, which means it will focus on the taxation of financial instruments. The objective of this course is that it will provide you with the basic concepts of taxation of financial instruments in industrialized countries as well as their practical use. Some of the most important of them to be covered are: tax treatment of debt vs. equity, taxation of new financial instruments, an overview of the taxation of certain financial transactions, as well as their specific tax treatment in Luxembourg. The course will also cover certain legal, accounting as well as wider tax areas (e.g. BEPS, FTT, Relibi) which may have an impact on the structuring of financial instruments.   Education on the taxation of Luxembourg investment funds and international tax structuring for investment policy  

• Number of ECTS: 0
• Course code: MADE4-81
• Module(s): Module 5 – Elective courses
• Language: FR
• Mandatory: No

• Number of ECTS: 5
• Course code: MADE4-21
• Module(s): Module 5 – Elective courses
• Language: EN
• Mandatory: No

On completion of the course unit successful students will be able to: –     Estimate the consequences of taxation on economic operator’s choices and thus the economy as a whole; –     Discuss positive and negative effects of certain policy choices at an academic level; –     Examine the basic economics of taxation; –     Identify and criticize ideas and proposals made in either an academic or political (real-world) context.

This course provides an introduction into economic theory and concepts and how these relate to taxation. The course will teach the tools necessary to understand how taxation affects prices, saving and investment choices, distorts consumption patterns and work effort, relates to risk taking and the production and distribution of wealth within an economy. Students will thus acquire skills that enable them to ‘look behind the law’ and to scrutinize the complex legal incarnations of theoretical concepts in practice. Furthermore, a thorough analysis of various taxes (including both practical examples from different countries and ‘blue print’ concepts) will allow the students to understand the difficult choices that influence the practice of tax policy making and the unavoidable trade-off between differing economic, legal, political and philosophical ideals. The course provides the students with an understanding of key design issues for all the main tax laws common around the world and will so enable them to evaluate and criticise the merits of practical tax reform concepts.

• Number of ECTS: 5
• Course code: MADE4-22
• Module(s): Module 5 – Elective courses
• Language: FR
• Mandatory: No

• Number of ECTS: 5
• Course code: MADE4-23
• Module(s): Module 5 – Elective courses
• Language: FR, EN
• Mandatory: No

On completion of the course unit successful students will be able to: –       Identify the logic and principles of the EU VAT –       Describe with clarity the rules governing different types of transactions and the difficulties and solutions for the ensuing complexity –       Advise on VAT compliance obligations and catch potential “red flags” in practice –       Assess the indirect tax treatment of the most common domestic and cross-border transactions (delivery of goods/supplies of services; e.g. financial services and real estate transactions) –       Quickly grasp the impact of new case-law of the Court of Justice of the European Union and apply the outcome of the cases to real-life cases

This course covers the basics of value-added tax with a particular focus on aspects of particular relevance in Luxembourg such cross-border transactions and financial sector activities.  The course introduces EU legislation on VAT, but the main focus lies in Luxembourg’s implementation of those rules. Intensive discussion of key jurisprudence of the European Court of Justice on selected important aspects completes preparation of students to solve complex cases in practice.

• Number of ECTS: 10
• Course code: MADE4-24
• Module(s): Module 6 – Final paper
• Language: EN
• Mandatory: No

• Number of ECTS: 10
• Course code: MADE4-25
• Module(s): Module 6 – Final paper
• Language: FR, EN
• Mandatory: No