The scandal of tax agreements in the Grand Duchy of Luxembourg, the list of involved international corporations longer and longer. Even Disney Skype and recessed by dubious tax practices payments in the billions. How boldly acted corporations, show new secret documents
Tax rates of less than one per cent, 95 per cent discount. New secret documents to the dubious tax practices in Luxembourg have large corporations such as Skype and Disney and the four largest auditors charged. Several German and international media published a second part of the so-called Luxembourg leaks ( #LuxLeaks ) and relied on tax arrangements that had been leaked to the research association ICIJ.
In the documents will be charged a total of 35 companies. It’s about the secret treaties for the avoidance of tax payments in the billions. As the research association reported, approved the Grand Duchy of companies such as Deutsche Bank, Ikea and Amazon complicated financial structures. With only one goal: avoid taxes in the billions
Tax rates of less than one percent
As the research composite of NDR, WDR and “Süddeutsche Zeitung” reported the company did with. agreements, the so-called “Advance Tax Agreement”, tax rates partly assure less than one percent of the displaced to Luxembourg profits. Thus, among others, the US entertainment company in Luxembourg Disney founded an intra-group bank that their profits taxed at less than one percent. The Internet phone service Skype was therefore since 2005 a tax rebate of up to 95 percent on license revenue.
thus is also affected hygiene products manufacturer Reckitt Benckiser (RB) on which the German industrialist family Reimann is involved. The group, which includes the brands such as Calgon and Clearasil leave, run billions in loans over Luxembourg, the media reported.
Lucrative agreements
The Belgian newspaper “Le Soir” According are also the Canadian Traffic Engineering Group, Bombardier, the US conglomerate Koch Industries and Telecom Italia affected. The arrangements were made accordingly 2003-2011. Through these agreements, companies can by the authorities in advance approve advantageous control constructs
The documents prove therefore also that almost all the major consulting firms have collaborated with the Luxembourg government – in addition to PricewaterhouseCoopers and Deloitte, Ernst & amp. Young and KPMG. The mentioned companies and consultants who negotiate the control constructs with the authorities on behalf of the company, told, to comply with all applicable laws. Demands on individual cases did not answer the audit firms
tax haven Luxembourg. What role did Juncker
Even early November, the research network in detail over 340 cases reported in which multinational corporations in? Luxembourg avoid tax payments and save some billion. Because of the affair, the new European Commission President Jean-Claude Juncker was in distress. He was about two decades of Finance and Prime Minister of Luxembourg and is partly responsible for the practices at the expense of other EU countries.
Juncker said the French newspaper “Libération” on Wednesday that he had “subjectively” not to blame than others. But objectively speaking he felt “weak” because arises through the documents of the impression that he was involved in something that is contrary to the “fundamental ethical and moral rules.”
The Luxembourg Ministry of Finance explained meanwhile, details the control agreements to want to disclose with international companies. When governments asked for them to give them the details of the respective conventions would be made available. Previously
was in Belgium leaked that appropriate information from Luxembourg would be expected in January in the video. So call costs from tax allowed to settle
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