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Article

5 Nov 2014

Author:
Simon Bowers, The Guardian

Luxembourg tax files: how tiny state rubber-stamped tax avoidance on an industrial scale

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A cache of almost 28,000 pages of leaked tax agreements, returns and other sensitive papers relating to over 1,000 businesses paints a damning picture of an EU state which is quietly rubber-stamping tax avoidance on an industrial scale.... The documents show that major companies... have used complex webs of internal loans and interest payments which have slashed the companies’ tax bills... The documents also show how some 340 companies from around the world arranged specially-designed corporate structures with the Luxembourg authorities.