Rau’s law, which has not been in effect since 2005, favored investing in national companies by exempting a portion of those particular investments. As Finance Minister Pierre Gramegna prepares to roll out a new package of tax measures, Investas is thinking about how Rau’s law could be refined to conform to European standards, at a time when only 25.8% of Luxembourgish households invest in financial markets, particularly mutual funds, stocks and bonds. In his role as treasurer of Investas, Lawyer Emmanuel Réveillaud of Kaufhold & Réveillaud wants to see the development of an educational component that encourages an awareness of savings options, notably the establishment of pensions.

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