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Luxembourg Leaks Show that Corporate Secrecy is Alive and Well
November 6th, 2014
WASHINGTON D.C. — Newly leaked documents detailed by the International Consortium of Investigative Journalists describe worrying tax arrangements negotiated between Luxembourg and more than 340 multinational companies. The details of the agreements offer a first hand look at the methods use by corporations to shift profits around the world with ease. “While G20 leaders proclaim that
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Europe heralds new era of tax transparency
December 14th, 2010
While the headlines are full of information that governments did not intend to release, European ministers of finance including UK Chancellor George Osborne last week agreed to a draft directive outlining a powerful new basis for the automatic exchange of tax information between jurisdictions – a directive which, if it does what it says on the tin, would be a dramatic step towards the end for European tax havens. This Tuesday 7 December there was a meeting in Brussels of the Economic and Financial Affairs council (EcoFin, effectively Europe’s council of finance ministers). The press release (still provisional)...
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