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April 27, 2016

Whistleblowers & Journalist Go on Trial in "Luxembourg Leaks" Case
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In Luxembourg, two former Pricewaterhouse Coopers employees and a
journalist have gone on trial over a massive leak that exposed corporate
tax dodging. The so-called Luxembourg Leaks revealed how some of the
world's largest companies, including Pepsi, IKEA, AIG, Coach and
Deutsche Bank, have channeled hundreds of billions of dollars through
Luxembourg-a small country in Western Europe known as a "magical
fairyland" for corporate tax dodgers. Some firms have secured effective
tax rates of less than 1 percent. The documents were published by news
organizations around the world. But now the whistleblowers and
journalist Edouard Perrin are on trial and could reportedly face up to
10 years in prison.
Topics:Whistleblowers Tax Havens

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