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.”
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.”
