Luxembourg Minister of Finance on Brexit, AIIB, Digital Taxation

The video discusses potential Brexit outcomes, emphasizing the importance of business continuity regardless of the decision. It highlights Luxembourg's economic benefits from Brexit and its strategic partnerships, including with Chinese banks and the AIIB. The discussion shifts to trade tensions between Asia, Europe, and the US, advocating for open trade. The video also covers the EU's digital taxation debate, stressing the need for a global level playing field. Finally, it addresses the impact of taxation on fintech, asserting that innovation will thrive due to its consumer benefits.

What is one of the potential outcomes of Brexit discussed in the video?

• A complete halt to all trade

• A merger with the EU

• A no-deal Brexit

• A new trade agreement with the US

How has Luxembourg benefited in the short term from Brexit?

• By reducing its national debt

• By forming a new political alliance

• By attracting 250 companies to access the EU market

• By increasing its agricultural exports

What is the significance of Luxembourg's partnership with the AIIB?

• It reduces trade tensions with the US

• It focuses on agricultural development

• It aims to increase military cooperation

• It helps in developing the Belt and Road Initiative

What is Luxembourg's stance on the proposed digital tax within the EU?

• They want to increase the tax to 5%

• They oppose any form of digital taxation

• They fully support a permanent 3% tax

• They favor a temporary solution with a sunset clause

Why is fintech considered important in Luxembourg's financial sector?

• It is seen as a temporary trend

• It is believed to be inefficient

• It offers more efficient, faster, and cheaper services

• It is expected to decline in the future