patrick.net

The small European duchy of Luxembourg has been called a “magical fairyland” for brand-name corporations seeking to minimize their tax exposures in their own countries. Big names like IKEA, Pepsi, FedEx, AIG, Amazon, Coach, Deutsche Bank, Heinz, J.P. Morgan, Procter & Gamble, Carlyle Group, Accenture, and over 330 other companies have negotiated secret tax deals with the Luxembourg government. All was well until the deals were leaked...

http://www.globaldeflationnews.com/will-the-g20-act-on-international-tax-loop-holes-at-their-brisbane-meeting-probably-not/