Market outlooks · Tax

“Not possible to say if there is profit shifting” to Luxembourg by banks: EU Tax Observatory

Charles Deluvio @charlesdeluvio, Unsplash free image
There is no evidence that banks are shifting profits to Luxembourg to dodge tax, one of the authors of a recent controversial report by the EU Tax Observatory has said. Yet if this is so, why does the think-tank label Luxembourg a “tax haven” for banks? We asked one of the report authors to explain.

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