Wednesday, December 10, 2014

Disney enchanted taxes – Interia

Disney enchanted taxes – Interia

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Disney enchanted taxes / AFP

The International Consortium of Investigative Journalists (ISIJ) reports that the two companies have benefited in the years 2009 to 2013 with complicated tax mechanisms which enabled the effective pay taxes at a level below one percent.

Earlier, the consortium revealed the entire list of corporations that with the help of the Luxembourg legislation avoid paying taxes in Europe. The first information about tax evasion by companies operating in Luxembourg appeared in November and involved almost 350 companies.

In connection with this matter, the European Parliament voted on the motion of censure against the new head of the European Commission, Jean Claude Junker. Junker, who was finance minister and then prime minister of Luxembourg for over twenty years, asserted that he did not participate in tax machinations.

The current finance minister said today principalities that the provisions in force in Luxembourg are in conformity with international law and the consortium won information – as he put it – a highly dubious manner. Also involved in the so-called optimization company podatakową ensure that not violated the law.

Michal Zielinski

For more information on the economic RMF24.pl

Source of information:  RMF

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