EuroDNS, the Luxembourg registrar, used its well attended New Year party last Wednesday to invite the Minister of Telecoms, Jean-Louis Schiltz to talk about a law voted at the end of December 2007. According to the Finance and Budget Commission Report on Draft Law 5801, «Revenues generated from use of, or license to use, a Domain Name are exempted from Luxembourg corporate taxes up to 80% ».

This is of course excellent news for EuroDNS, but also for domain name investors, both in Luxembourg and worldwide. ICANN will probably launch a RFP for new TLDs next June in Paris. As such, someone took the opportunity to mention that Luxembourg would be an ideal place to launch a new gTLD. The proposed gTLD floating around seems so obvious it is surprising no-one though about it before. At this stage, I cannot expand any further until this proposal is formalized, but stay tuned for more news.