EU chief Juncker denies involvement in Luxembourg tax deals

The EU president came under fire from MEPs over his knowledge about tax arrangements made in Luxembourg which effectively allowed multinationals to reduce their tax bills by using tax avoidance schemes as MEPs questioned tax policy during his tenure as finance minister in the 1990s.

At a committee hearing into tax avoidance, tax evasion and the Panama Papers at the European parliament on Tuesday, chaired by German MEP Werner Langen, Juncker was probed about his role and involvement in the tax deals, which saw over 300 international companies including Pepsi, Ikea and Abbott Laboratories involved in deals to reduce their tax liability, during his time as finance minister and then prime minister of Luxembourg.

Juncker refused to be drawn on his involvement in any of the tax deals agreed with multinationals as well as Luxembourg’s failure to comply with the Tax Savings Directive. When this Directive was introduced in 1997, Luxembourg agreed

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