Tax revenue from the banking, investment fund and insurance sectors now amounts to more than three quarters of total corporate income tax receipts, up from 70% the year before. According to Finance Minister Gilles Roth's answer to a parliamentary question from the Greens MP Sam Tanson, roughly €2.97 billion of total revenue, out of some €3.84 billion, came from the financial centre last year.
Revenue from the financial centre climbed by 18.6% between 2023 and 2024, the minister said, before rising by a further 33.3% the following year.
Speaking to RTL on Monday morning, the finance minister also noted that corporate income tax revenue in the first six months of the year was already running €1 billion higher than in the same period last year, thanks to the dynamism of the financial centre.
The figures speak for themselves. Luxembourg is leaning ever more heavily on its financial centre.
