Luxembourg tax deals weigh on Juncker

Series Title
Series Details 06.11.14
Publication Date 06/11/2014
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According to an investigation by International Consortium of Investigative Journalists (ICIJ) in November 2014, more than 300 companies secured secret deals from Luxembourg to decrease their tax bills.

The investigative journalists concluded that the companies appear to have channeled hundreds of billions of dollars through Luxembourg and saved billions of dollars in taxes.

Margarethe Vestager, Commissioner for Competition, made a statement on tax state aid investigations in Brussels, 6 November 2014. Two on-going investigations were mentioned: concerning corporate taxation of Amazon and Fiat Finance & Trade (FFT).

The statement was made on the same day as the investigation from the ICIJ consortium concluded that Luxembourg had hundreds of secret tax deals with international companies.

The linkage between Jean-Claude Juncker, the new European Commission President, and Luxembourg, for which Mr Juncker had been Prime Minister during the times of the alleged tax avoidance, threatened to make the issue a major political matter.

Euro|Topics wrote on the 7 November 2014: International media revealed on the 6 November 2014 that Luxembourg's government has helped hundreds of companies to avoid taxes. Commentators call for a common European policy in the fight against tax evasion and the resignation of European Commission President and former prime minister of Luxembourg Jean-Claude Juncker.

News reports on the 7 November 2014 suggested that various Political Groups within the European Parliament were calling for Mr Juncker to speak to MEPs the following week on the situation.

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EUObserver, 06.11.14: Juncker in spotlight after Luxembourg tax revelations
Euronews, 06.11.14: Luxembourg leaks: nation under spotlight over tax avoidance claims
France24, 06.11.14: Luxembourg ‘abetted’ companies in avoiding taxes
Deutsche Welle, 06.11.14: Tax deals with Luxembourg save companies billions, says report
ICIJ, 05.11.14: Leaked Documents Expose Global Companies’ Secret Tax Deals in Luxembourg
The Guardian, 06.11.14: Luxembourg tax files: the Australian companies engaged in tax avoidance
The New York Times, 05.11.14: Hundreds of Companies Seen Cutting Tax Bills by Sending Money Through Luxembourg
The Guardian, 05.11.14: Luxembourg tax files: how tiny state rubber-stamped tax avoidance on an industrial scale
The, 06.11.14: Italian firms struck secret Luxembourg tax deal
ESO: Background information: Statement by European Commissioner for Competition Margarethe Vestager on tax state aid investigations
EurActiv, 07.11.14: Verhofstadt calls on Junker to come clean
EUObserver, 06.11.14: Dutch tax regime similar to Luxembourg's, auditors find
The Netherlands: Court of Audit: Tax Avoidance [Report, November 2014]
Deutsche Welle [Opinion], 06.11.14: 'Luxembourg leaks' revelations, a problem for Juncker
Euronews, 06.11.14: Luxembourg’s attractive company tax leaks tempt scandal
The Guardian, 06.11.14: Luxembourg and Juncker under pressure over tax deals
Euronews, 06.11.14: Luxembourg fights back against tax revelations
The New York Times, 06.11.14: Jean-Claude Juncker, Top E.U. Official, Faces Rising Furor Over Luxembourg Tax Revelations
Euro|Topics: Main Focus, 07.11.14: Luxembourg saved companies billions in taxes
ESO: Background information: Juncker: I will always respond to unfair criticism from national EU leaders
ESO: Background information: Jean-Claude Juncker’s new European Commission is the most ‘politicised’ in the institution’s history
EurActiv, 07.11.14: Juncker resists calls to face MEPs over ‘Luxembourg leaks’
The Conversation, 07.11.14: Luxembourg: a tax haven by any other name?
Le Monde, Luxemburger Wort, The Guardian, Gazeta Wyborcza, 06.11.14: Inquiry into ‘the world’s premier corporate tax haven’ (via VOX.europ)
Luxemburger Wort, 06.11.14: EU's Juncker drops out of debate on Europe's future
EurActiv, 10.11.14: Senior EU aide defends Juncker on Luxembourg tax deals
ICIJ: Projects: Luxembourg Leaks: Global Companies' Secrets Exposed, 10.11.14: Is Your Head Spinning? 5 Tips to Understand the ‘Lux Leaks’ Files
Spiegel Online International, 10.11.14: Mr. Europe? The Ghosts of Juncker's Past Come Back to Haunt Him
Spiegel Online International, 10.11.14: Democratic Deficit: It's Time to Put Juncker on the Hot Seat

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