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Whistleblowers & Journalist Go on Trial in "Luxembourg Leaks" Case

HeadlineApr 27, 2016
Hdls9 luxleaks

In Luxembourg, two former PricewaterhouseCoopers 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.

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