| Series Title | EurActiv |
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| Series Details | 06.11.14 |
| Publication Date | 06/11/2014 |
| Content Type | News |
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According to an investigation by International Consortium of Investigative Journalists (ICIJ) in November 2014, more than 300 companies secured secret deals from Luxembourg to decrease their tax bills. The investigative journalists concluded that the companies appear to have channeled hundreds of billions of dollars through Luxembourg and saved billions of dollars in taxes. Margarethe Vestager, Commissioner for Competition, made a statement on tax state aid investigations in Brussels, 6 November 2014. Two on-going investigations were mentioned: concerning corporate taxation of Amazon and Fiat Finance & Trade (FFT). The statement was made on the same day as the investigation from the ICIJ consortium concluded that Luxembourg had hundreds of secret tax deals with international companies. The linkage between Jean-Claude Juncker, the new European Commission President, and Luxembourg, for which Mr Juncker had been Prime Minister during the times of the alleged tax avoidance, threatened to make the issue a major political matter. Euro|Topics wrote on the 7 November 2014: International media revealed on the 6 November 2014 that Luxembourg's government has helped hundreds of companies to avoid taxes. Commentators call for a common European policy in the fight against tax evasion and the resignation of European Commission President and former prime minister of Luxembourg Jean-Claude Juncker. News reports on the 7 November 2014 suggested that various Political Groups within the European Parliament were calling for Mr Juncker to speak to MEPs the following week on the situation. |
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| Source Link | Link to Main Source http://www.euractiv.com/sections/competition/luxembourg-tax-deals-weigh-juncker-309805 |
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| Subject Categories | Taxation |
| Countries / Regions | Luxembourg |
