In an Effort to Fight Money Laundering, the EU Parliament Wants to Scrap the Freeport System Beloved by Billionaire Art Collectors

The revelations laid bare more than 300 secret tax deals that Luxembourg had struck with global businesses, including Disney, Skype, GlaxoSmithKline, Koch Industries and Black & Decker. In several cases, the deals — known as “tax rulings” — allowed firms to pay less than 1 percent tax in Luxembourg

The European Commission has opened an investigation into one of the 546 secret Luxembourg tax deals exposed by the International Consortium of Investigative Journalists’ Lux Leaks project almost five years ago.

In March, Juncker dismissed the claims about Le Freeport, saying there was “no evidence showing that free zones in the EU are systematically used to commit fraud.” The final report from TAX3 notes that the committee “deeply regrets” the lack of progress on major initiatives that have not been finalized due to “the lack of genuine political will.”

Year 2146

Zuckerberg’s new privacy essay shows why Facebook needs to be broken up

Mark Zuckerberg doesn’t understand what privacy means—he can’t be trusted to define it for the rest of us.

How the Mafias Came to Slovakia

The slain Slovak journalist was investigating the Calabrian and his connections to then-Prime Minister Fico when he was killed.

Kuciak found that a young female assistant of Slovak Prime Minister Robert Fico had once co-owned a business with Vadalà — and that the Italian had allegedly scammed the European Union out of 120,000 euros in agricultural subsidies.


Fico has ties to organized criminal groups Kuciak was investigating; Krajmer was inexplicably present at the murder scene shortly after the bodies were found; Fico, Krajmer and Kočner were connected to one another in various ways

Lithuania Detains 26, Including Top Judges, for Corruption

Lithuanian authorities detained on Wednesday 26 people, including judges and lawyers, in a large-scale anti-corruption probe of the judiciary. The suspects are accused of large-scale bribery, trading in influence and abuse of powers.

Imagine

being snatched from the street or even your home. You are loaded into a police car and driven to an unknown location. Your friends, colleagues and family don’t know where you are. Nor do you. It is like you have disappeared from the face of the earth.