The introduction of CFC rules in Luxembourg - Part 1:Overview of the CFC rules under the anti-tax avoidance Directive
Controlled foreign company (“CFC”) rules have existed for quite some time in the international tax context. While Luxembourg does not currently have CFC rules, many countries have included mechanisms of that nature in their legal systems, using different approaches but having the same main purpose: discouraging the shifting of income to low tax jurisdictions.
Source: Revue Générale de Fiscalité Luxembourgeoise - December 2017