Luxembourg Leaks is the name of a financial scandal revealed in November 2014 by a journalistic investigation conducted by the International Consortium of Investigative Journalists.
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16 Facts About Luxembourg Leaks
2.
The LuxLuxembourg Leaks trial took place in spring 2016 and led to the condemnation of the two whistleblowers.
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3.
The Luxembourg Leaks provide insight into 548 tax rulings, dating from 2002 to 2010.
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4.
LuxLuxembourg Leaks revelations have had a worldwide impact, as ICIJ partnered its investigations with many media around the world: CNBC, CBC, The Irish Times, Le Monde, Tagesanzeiger, Suddeutsche Zeitung, The Asahi Shimbun, El Confidencial and many others.
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5.
Since the tax regime in Luxembourg Leaks is tailored to be advantageous for the financial arm of multinational companies, the profits generated there are taxed at very low rates.
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6.
In September 2018, the European Commission concluded that Luxembourg Leaks did not breach the rules as regards its tax treatment of McDonald's.
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7.
In May 2016, some press articles reported that Luxembourg Leaks started to propose to multinationals some verbal tax rulings instead of written ones, in order to keep them secret.
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8.
However, in January 2017, The Guardian publishes revelations showing that Luxembourg Leaks continues obstructing tax reforms efforts in Brussels, as was the case when Jean-Claude Juncker was the Grand-Duchy Prime Minister.
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9.
Nevertheless, with the trial of the whistleblowers and journalist who are involved in the disclosure of the leaks, Luxembourg continued to be perceived as a tax and judicial haven.
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10.
The LuxLuxembourg Leaks case is presented, among others, as an example of damage to the general interest revealed by whistleblowers.
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11.
The LuxLuxembourg Leaks scandal has highlighted the role of these tax intermediaries.
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12.
Luxembourg Leaks stated that the files he copied were not protected and that he did not hack any system.
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13.
Luxembourg Leaks said he had no contact with ICIJ which had disclosed the LuxLeaks documents and he did not attempt to hide what he was doing.
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14.
Luxembourg Leaks's identity was kept secret until the trial began, as Halet signed a secret agreement with PwC forcing him to silence.
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15.
On 23 April 2015, the journalist Edouard Perrin was indicted in Luxembourg Leaks for being the co-author or accomplice of the offences committed by the former PwC employee charged on 23 January.
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16.
Media coverage of the LuxLuxembourg Leaks trial was high, as it is symbolic of the current difficulties faced by whistleblowers and their insufficient protection in Europe.
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