Juncker avoids commenting on Luxembourg tax deals

Promoted content

After more than 300 companies secured secret deals from Luxembourg to slash their tax bills, Commission President Jean-Claude Juncker, and former Luxembourg Prime Minister, was asked on Wednesday if there wasn’t a conflict of interest since he took over as chief of the EU executive.

Juncker said that such a question deserved a long answer, but that in any case, the Commission was perfectly in its right to investigate, and that he would not interfere in the work of the Commissioner in charge of competition, Margrethe Vestager.

According to the International Consortium of Investigative Journalists (ICIJ), companies such PepsiCo Inc, AIG Inc and Deutsche Bank AG, appear to have channeled hundreds of billions of dollars through Luxembourg and saved billions of dollars in taxes

In October, the European Commission opened an inquiry over whether EU law has been broken by the tax deals in Luxembourg.

Subscribe to our newsletters