Luxembourg Leaks

Luxembourg Leaks refers to a major scandal revealed in 2014, where it was discovered that many multinational corporations used complex tax arrangements to minimize their tax liabilities through Luxembourg's favorable tax laws. Leaked documents showed how companies like Amazon and Starbucks employed these strategies to significantly reduce their taxes, sometimes paying as little as 1% or less. This led to widespread criticism of tax avoidance practices, highlighting how corporations exploit loopholes in international tax systems, prompting calls for reforms to ensure fairer tax practices globally.