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Visit the Australia site Continue on UK site. So money flows into the country tax-free. When a multinational approaches the Luxembourg tax authorities with a scheme employing one of these tactics, after a meeting or two to chew over the details a senior official rubber-stamps the plan and the company walks away with a big tax break. In this way the Grand Duchy behaves like the club member who enjoys all the benefits of membership while quietly pilfering from the kitty. It might be an underhand way to run a tax system, but it serves Luxembourg well.
The country has the highest levels of foreign investment inflows and outflows in the EU, taking a small but valuable tax levy as the money washes through. So does embarrassment for the new president of the European Commission, Jean-Claude Juncker , who as prime minister of the Grand Duchy for 18 years until presided over the activity. Jason Butler. Timothy O'Riordan.
Great Tax Robbery: How Britain Became a Tax Haven for Fat Cats and Big Business
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Terrorists, the Mafia – and corporate tax avoiders
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- Title: The Great Tax Robbery: How Britain Became a Tax Haven for Fat Cats and Big Business?
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