The Authorities of Luxembourg have suspected of frauds with taxes. According to media reports, they have helped the world’s largest companies avoid paying billions of euros. The scandal could cost the chair to the President of the European Commission Jean-Claude Juncker.
Media published the data about tax fraud of major corporations and the Luxembourg authorities. According to the international consortium of journalists, they have signed many secret agreements. These agreements have allowed companies including Pepsi, IKEA, Apple, and more than 300 others to evade taxes.
The surgery was turned in the period from 2002 to 2010, kept a secret from the rest of the EU. As a result, the budgets of several countries were missing billions of euros. This incident may cost the reputation of the President of the European Commission Jean-Claude Juncker. The former Prime Minister of Luxembourg are already flying allegations that illegal “tax haven” has been created without his participation. The official said that will not interfere with the investigation.