NomNom@feddit.uk to Europe@feddit.orgEnglish · 4 days agoThe Luxembourg paradox: A record number of working poor in the EU’s wealthiest countryenglish.elpais.comexternal-linkmessage-square11linkfedilinkarrow-up164arrow-down12
arrow-up162arrow-down1external-linkThe Luxembourg paradox: A record number of working poor in the EU’s wealthiest countryenglish.elpais.comNomNom@feddit.uk to Europe@feddit.orgEnglish · 4 days agomessage-square11linkfedilink
minus-squaredefinitely_AI@feddit.onlinelinkfedilinkEnglisharrow-up7arrow-down2·4 days agoLuxembourg funnels the equivalent of EU’s combined GDP in tax schemes yearly. EU is actually twice as rich as currently, if it weren’t for Luxembourg. Luxembourg should be invaded and be assimilated into the greater EU. It is a rogue state as far as I am concerned.
minus-squareironblossom@feddit.orglinkfedilinkEnglisharrow-up1·4 days agoAt least give one concrete example of such tax schemes, and it better be illegal
minus-squaredefinitely_AI@feddit.onlinelinkfedilinkEnglisharrow-up6·3 days agoThe whole point of tax havens is that they ARE legal. According to their nation’s specific laws. Luxembourg features heavily in the Panama Papers. https://ordnur.com/business/luxembourg-is-the-ultimate-tax-haven/ And these leaks: https://en.wikipedia.org/wiki/LuxLeaks This was a MASSIVE scandal back in… 2010-ish?
Luxembourg funnels the equivalent of EU’s combined GDP in tax schemes yearly.
EU is actually twice as rich as currently, if it weren’t for Luxembourg.
Luxembourg should be invaded and be assimilated into the greater EU.
It is a rogue state as far as I am concerned.
At least give one concrete example of such tax schemes, and it better be illegal
The whole point of tax havens is that they ARE legal. According to their nation’s specific laws. Luxembourg features heavily in the Panama Papers.
https://ordnur.com/business/luxembourg-is-the-ultimate-tax-haven/
And these leaks:
https://en.wikipedia.org/wiki/LuxLeaks
This was a MASSIVE scandal back in… 2010-ish?
Thanks for that
Yeah, have “fun”!
:(