Fresh allegations have emerged against major multinational accused of taking advantage of Luxembourg’s ‘light touch’ tax regime.<br /><br /> A new report by International Consortium of Investigative Journalists said firms such as Walt Disney and Koch Industries lowered their tax bills by funnelling profits through the Grand Duchy<br /><br /> Both firms deny any wrongdoing.<br /><br /> It is the second installment of the so-called Lux Leaks reports, which could further embarrass European Commission president Jean-Claude Juncker.<br /><br /> He was Luxembourg’s prime minister for the best part of two decades.<br /><br /> The EU executive already launched an investigation into whether a series of corporate tax deals in Juncker’s home country amounted to illegal state aid.
