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EU's Juncker sworn in amid ongoing tax row

2014-12-10 2 Dailymotion

Embattled European Commission president Jean-Claude Juncker has officially been sworn as the head of the EU executive amid an ongoing tax row.<br /><br /> He and his colleagues took an oath of independence at the European Court of Justice in Luxembourg.<br /><br /> It came as fresh allegations emerged major multinationals brokered favorable tax deals during Juncker’s near two-decade tenure as prime minister of the Grand Duchy.<br /><br /> New documents obtained by the International Consortium of Investigative Journalists claim to reveal more than thirty companies which engaged in such practices.<br /><br /> But the revelations come at a time when G20 countries, including the EU, are trying to launch a global crackdown on tax avoidance and tax evasion.<br /><br /> According to the documents, Koch Industries, Disney, Skype and Canada’s Bombardier funnelled profits through Luxembourg to lighten their fiscal bills.<br /><br /> There is no suggestion of any crime having been committed, the companies say the agreements were in line with the law.

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