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We're seeing already headline companies on the run. HSBC, Vodafone who used Luxembourg to avoid UK tax have threatened to leave. A major Singapore mortgage ho
by SixSigma 10y ago
We're seeing already headline companies on the run.
HSBC, Vodafone who used Luxembourg to avoid UK tax have threatened to leave.
A major Singapore mortgage house saying it won't fund buying London real estate.
Vodafone routed the acquisition of Mannesmann through a Luxembourg subsidiary, set up to avoid paying tax on the deal, and continued to place its profits in Luxembourg.
HSBC helped clients shield income from tax collectors - https://www.icij.org/project/swiss-leaks https://www.icij.org/project/swiss-leaks
Guess who was Prime Minister of Luxembourg at the time, brokering all this - Current President of the European Commission : Jean-Claude Juncker
https://en.wikipedia.org/wiki/Jean-Claude_Juncker https://en.wikipedia.org/wiki/Jean-Claude_Juncker
https://en.wikipedia.org/wiki/Luxembourg_Leaks https://en.wikipedia.org/wiki/Luxembourg_Leaks