Anti-Financial Crime & Financial Crime Compliance
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Compliance News, EU/Europe, Financial Services

Commission hints at further law changes following #OpenLux revelations. Spokesperson says data provides ‘important information’ on Grand Duchy’s tax policies

The European Commission has not ruled out law changes to curb tax avoidance following extensive revelations that have surfaced on Luxembourg this week.

New research by a consortium of international journalists – dubbed OpenLux – has suggested that the tiny country is a lucrative haven for businesses and magnates who seek to avoid tax in their home nations.

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