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Luxembourg leaks (sometimes shortened to lux leaks or luxleaks) is the name of a financial scandal revealed in november 2014 by a journalistic investigation conducted by the international consortium of investigative journalists. An icij investigation luxembourg leaks global companies' secrets exposed new files obtained by icij disclose secret tax structures sought by “big 4” accounting giants for global brand name companies. These private deals are legal in luxembourg.
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Pierre gramegna, luxembourg’s finance minister, says he aims to create an international “level playing field” Luxembourg leaks (ou luxleaks) est le nom du scandale financier révélant le contenu de plusieurs centaines d'accords fiscaux très avantageux conclus par des cabinets d'audit avec l' administration fiscale luxembourgeoise pour le compte de nombreux clients internationaux. “we need more transparency, and everyone has to play along,” he says.
Halet was prosecuted and convicted of breaching corporate secrecy.
The background during the early 1990s luxembourg attracted a number of multinational corporations It did so by implementing an eu directive that allowed firms to establish european headquarters and pay taxes there rather than in countries where their subsidiaries operated
