Why has the European Commission not investigated Lux Leaks tax deals?

Almost five years ago, the International Consortium of Investigative Journalists published its Lux Leaks investigation, exposing how some of the world’s largest corporations cycled billions of dollars through Luxembourg so as to avoid paying huge amounts of tax — taxes that otherwise could have ended up in the coffers of other European countries.

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 EU’s second smallest member state was secretly offering huge tax favors on an industrial scale. In some instances, leaked documents showed officials even granted lucrative tax deductions for “deemed interest” — that is, pretend payments of interest on loans that, in reality, were interest-free.

In 2014,

... read more at: https://www.icij.org/investigations/luxembourg-leaks/why-has-the-european-commission-not-investigated-lux-leaks-tax-deals/

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