Luxembourg will take a leading role in moves to address the problem of global tax avoidance by big business as the tiny European state looks to repair the damage from the so-called LuxLeaks scandal that revealed how it had been used to dodge taxes.
Luxembourg officials, speaking to The Times, admitted that the country had become a “byword” for tax avoidance, but they said that it was prepared to use its six-month presidency of the European Union to push forward rules that will clamp down on avoidance.
Pierre Gramegna, Luxembourg’s finance minister, said that tax avoidance was one of the most pressing issues facing economic policymakers and that the LuxLeaks revelations showed how the law had failed to keep pace with changes in the