Press Comments on LuxLeaks

While PwC and prosecutors argue that the so-called LuxLeaks documents were private property and revealing them was a criminal offense, the trial is seen by critics as an attack on press freedom and efforts by whistle-blowers to shine a light on the murky world of tax dodging. The revelations sparked a global outcry and led to calls for a crackdown on tax avoidance.

“Shutting off whistle-blowers, without whom we would not even be talking about cracking down on tax avoidance, would be immensely harmful to the public campaign for tax justice,” said Fabio de Masi, a left-wing German member of the European Parliament who’s part of a group backing Deltour. “If they are found guilty, and potentially even sentenced to prison, this could have enormous effects in Luxembourg and beyond,” he said.

Mass Leak

Global attention has now switched to the mass leak of documents known as the Panama Papers, but Luxembourg is still picking up the pieces after LuxLeaks hit the country like a “tsunami” in 2014. The same group of investigative journalists who revealed the Panama Papers, also published the LuxLeaks data with thousands of pages of data showing sweetheart tax deals for companies including Walt Disney Co., Microsoft Corp.’s Skype and PepsiCo Inc.

The leaks prompted calls for the resignation of Jean-Claude Juncker, the country’s former prime minister who is now president of the European Commission.

The ripple effects sped beyond Luxembourg, causing European Union regulators to expand a tax subsidy probe and propose new laws to fight corporate tax dodging, while EU lawmakers created a special committee to probe fiscal deals across the 28-nation bloc.

About tryingtobefair

More than a little interested in how we can all make the community we live in a better place. "The world has enough for everyone's need, but not enough for everyone's greed" Gandhi. Let's all learn what's enough.
This entry was posted in Tax Havens. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s