Luxembourg leaks: nation under spotlight over tax avoidance claims

Leaked documents have landed Luxembourg in hot water over claims of tax avoidance on an industrial scale. Reporters claim that more than 300 multinational companies funneled hundreds of billions of dollars through the Grand Duchy, saving billions in taxes. The International Consortium of Investigative Journalists examined 28, 000 pages of leaked documents which detailed the special arrangements. Some of the key findings implicate Pepsi, IKEA, AIG, Coach, Deutsche Bank, Abbott Laborator READ MORE