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10 12-2014-aggressive tax evasion of multinational companies, advised by Ernst & Young, PricewaterhouseCoopers & Deloitte and KPMG, have developed a sophisticated tax device centered on the Grand Duchy, with the aim of reducing the burden of taxes (see 0%).

Of hundreds of millions of euros escape via the Luxembourg tax for not pay to the tax authorities -0% This is not for the small citizens who must contribute (with or without consultation) more and more to tax tax, because all that money hidden in tax havens which must pay anything! (Government Michel).
10-12-2014
New revelations about tax evasion of multinational corporations to the Luxembourg

Advised by Ernst & Young, PricewaterhouseCoopers,Deloitte and KPMG.
Developed a sophisticated tax device centered on the Grand Duchy,with the aim of reducing theirincome taxexpense.

New revelations about tax evasion of multinational corporations to the Luxembourg

Thirty groups are challenged by new confidential documents to the American consortium of investigative journalism.

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Case LuxLeaks, season 2. Languages people start to speak since the issuance, on 6 November, thesurvey of 40 international media associated with the consortium of ICIJ (International Consortium of Investigative Journalists) American investigative journalism – which The world, for France – practices of tax evasion aggressive multinationals renowned in Luxembourg (Heinz, Verizon, Pepsi, IKEA, etc.). New confidential tax agreements obtained from the authorities of the Grand Duchy by some 30 groups and foreigners, including US, have indeed managed to the ICIJ in recent weeks.

See also edition subscribers: LuxLeaks: 28 000 pages of secret documents, 548 confidential agreements
Below, VIDEO This allows money and exempt from taxes.

Add this video to my blog
These agreements have been designed by the greats of the Council and the audit between 2003 and 2011: PricewaterhouseCoopers, Ernst & Young, Deloitte and KPMG.
They swell an already long list of more than 300 names ofcompanies established in Luxembourg for tax reasons and to confirm the status of tax for multinational haven of the Grand Duchy, elbow-to-elbow withIreland and the Netherlands .
A SOPHISTICATED TAX ARRANGEMENTS
Among these new cases of companies, one of the most iconic Walt Disney Company focuses the attention. It shows once again the appetite of major American groups, pushed to the wheel by their shareholders for tax optimization. Profits, in the United States, being taxed according to the principle of globality-stipulating that the profits made everywhere in the world should be taxed on American soil – the issue of tax optimization, for American multinationals, is to block the revenues earned outside the United States, far from their parent, so that they can not be caught by the tax authorities American.
The scheme set up by Disney in the Luxembourg seems to respond to this concern… Such manoeuvres, used by many American groups, would cost total billions of dollars of tax revenue each year to the Treasury. They overreach also countries where those multinationals are located and making profits, and where they are taxed according to the principle of territoriality – profits are taxed there where they are made, in a dialogue with the US tax administration.
Thus, in the light of the documents obtained by the ICIJ, Disney, advised by Ernst & Young has developed a sophisticated tax device centered on the Grand Duchy, with the aim of reducing itsincome tax expense in the United States and Europe. The schema is based mainly on three companys specially created at the Luxembourg: two entities to which are connected 24 subsidiaries (including subsidiaries in France, Italy, Germany, the United Kingdom or Australia), and a third entity, Central in the device (Wedco One LLC
Holdings SCA), which acts as the internal Bank Group and loans to the subsidiaries…
This is what is the tax Tip: these loans are granted at an interest rate very high with the sole purpose of siphoning the profits of subsidiaries located in countries with normal taxation or levels (such as in France and Germany) for the repatriation to the Luxembourg where they will be very weakly taxed. According to calculations starting from the records of the ICIJ, the system would have allowed Disney topay less than 1% of income tax centralized in Luxembourg over the period 2009-2013.
See also the explanation: ‘Tax ruling’, or how the Luxembourg legalized tax evasion
FRANCE LEEM IN TAX REVENUES?
This Luxembourg scheme is complemented by a Cayman Islands entity that owns 16 other companies of Disney in Europe and Australia and also allows it to exempt important benefits. This entity sends indeed its profits to the Luxembourg in the form of dividends (not imposed). According to the documents, the France, the Germany and the United Kingdom could have been injured in tax revenues. Because between 2009 and 2013, two to 5.7% interest loans by Wedco Lux at the French subsidiary, which cost him € 16 million… Ditto for the United Kingdom with 181 million euros of interest paid by two subsidiaries of Disney to the United Kingdom at the Bank of the group to the Luxembourg.

Meanwhile, the Cayman company donated to the Luxembourg in four years 837 million euros of dividends. According to the ICIJ, one person would be established at the Luxembourg for y Manage Disney companies! Questioned by the consortium in the United States, Disney refused to make any comments on the documents but said « have paid in the United States for an overall tax rate of 34% over the past five years ». « We responsibly manage our fiscal policy and our aim is toimplement strictly and fully the laws ‘, said a spokesman. His side, Ernst & Young has refused to comment on the confidential information.
In the debate in the United States on the multinational tax avoidance strategies, these new revelations should be of interest to the Obama administration. For its part, the European Commission, which is investigating tax practices of several European States, including the Luxembourg, and suspected of undue State aid in favour of certain enterprises, should be look into these new secret agreements. ‘ We consider the Luxembourg Leaks as a market information, said recently the Commissioner responsible for competition, Margrethe Vestage.» We will review this information and will see if this leads us to Open new investigations. »
See also our explanation:
How the Luxembourg helps businesses into tax exile
Learn more about:
http://www.lemonde.fr/Economie/article/2014/12/09/luxleaks-35-Multinationales-montrees-du-doigt-dont-Skype-et-disney_4537635_3234.html#zVqkt2SIyf26bVVd.99

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And how much is their fortune? Discover the ranking of the 10 richest families of the Kingdom.
1 families of Spoelberch, Mevius, Vandamme
Stella Artois breweries – 13.762 million euros
These families, major shareholders of AB Inbev, prance for years at the head of this classification. And after the increase of capital of more than $ 10 billion, conducted through the recent merger of Inbev with the US group Anheuser-Busch, they will not be deprived rapidly.
2 family Colruyt
Group of distribution Colruyt – 2.417 million euros
Holder of the Group’s supermarkets number 1 in Belgium, the Colruyt family rose to the second position, previously occupied by the brother family.
3 family Lhoist-Bergmans
Lhoist group – 1,933 million euros
Simple small Walloon factory to debut a little less than a century ago, the Lhoist group has become one of the world’s leading producers of limestone and dolostone (sedimentary rock), for industry, agriculture and the environment and ensures its owners the 3rd fortune of Belgium.
4 family Emsens
SCR-Sibleco – 1916 million euros
When the Emsens family founded his company for the extraction of sand at the end of the 19th century, she does not suspect that it would end up, 100 years later, the head of the world’s leading group of sand and minerals extraction. And the 4th largest Belgian fortune by extension.
5 family brother
Compagnie Nationale à Portefeuille (CNP) – 1.905 million euros
The NOC holding, stock exchange, which holds the Walloon brother family suffered from the crisis. Without provided risking bankruptcy, brother family thus lost more than one million euros, falling from 2nd to 5th place in the standings.
6 family no
Jan De Nul Group – 1.564 million euros
Founded in 1938 by Jan De Nul, the eponymous dredging companies grew up to be part of the world leaders in the field. Today active in projects of construction in the Gulf, they realize a profit margin that made their family owned one of the richest in the country.
7 family Cigrand
Cobelfret – 1,247 million euros
The Charter company is on track to become the first company of the Belgian port sector. What help the Cigrand family to climb even higher in the rankings?
8 family Boel
Group Boel – 1.132 million euros
Native of Hainaut, the family Boel launches in the 19th century metallurgical facilities. Ennobled after the 1st World War, the family enters the main Belgian financial groups. Subsequently ownership of a holding company comprising among other Sofina, the Boël family also holds stakes in Danone, Colruyt, d’Ieteren, Delhaize Group, Total, Suez, Belgacom, Fortis and Dexia. Nothing less…
9 family Clercq
Interparking – 1,000 million euros
Claude De Clercq founded in 1958 the first Belgian parking, parking 58, street of the Bishop, in the heart of Brussels. 50 years later, his company Interparking, number 3 of the sector at European level, manages 261,000 parking spaces, divided into 328 underground car parks in Europe.
10 families Van Rompuy and Rodney
Argenta – 815 million euros
Founded in 1956 through modest capital of Rodney and Van Rompuy families, the banking group Argenta arrived to position itself as the fifth financial institution in Belgium. The economic crisis of the last year and the loss of confidence of savers in banks has finally shot has its advantage, allowing the two founding families to enter directly in 10th place in the ranking.

In the top of individual fortunes , lie, according to Forbes , the businessman of Kazakh origin Patokh Chodiev, with 3.3 billion, and Albert Frère, with 3.1 billion.

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SwissLeaks: Belgian justice increase the tone and threatens Switzerland

Gilbert Dupont Published Monday, February 09, 2015
• SwissLeaks: PS offers three ‘strong measures’ pay to fight the great tax fraud

Economy

Threats expressed Monday morning in Brussels at the press conference of the Prosecutor’s office through its substitution Rym Kechiche spokesperson.

In the matter of the fraud alleged Swiss Bank (payment of amounts of several hundreds of millions of euros of tax evasion), the investigating judge Belgian Michel Claise notes that « the Swiss justice turned a deaf ear’, unresponsive »two months to requests for mutual legal assistance expressed by the commission ». Swiss justice « turned a deaf ear » while Switzerland and Belgium are linked by a convention which obliges to this mutual assistance.

According to the Prosecutor’s office in Brussels, the Belgian judge is in contact with HSBC Bank to invite it to spontaneously provide the data requested as to the amounts of suspicious financial transactions.

And Brussels rising tone. S it is not satisfied with these requests, Belgian justice does not exclude (« could and consider ») to use coercive means « and »issue international arrest warrants charge of alumni and even current leaders of HSBC », heads of criminal organization, aggravated tax fraud, illegal practice of intermediary financial and money laundering.

In 2006 and 2007, the bank HSBC Geneva one implementation of a system of tax evasion. The placement of money from its customers in offshore companies permit the escape of more than 252 billion through payroll over 200 pour on behalf of 130 000 natural or legal persons. Images of fr the explanations.

Several media, not Le Soir, published Sunday evening a new survey of the international network of journalists investigation ICIJ, that the Swiss bank HSBC Private Bank has developed the main on 102 billion dollars in deposits from around the world, and has actively customers to its help to evade their tax obligations. Pour the Belgium, fraud is $ 6.2 billion.

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Revealed: UK top 20 companies paradise tax

When the boss of Barclays Bob Diamond has confirmed that the Bank had approximately 300 subsidiaries in tax havens, there are exclamations of dismay to a Committee of the Treasury Board, heard earlier this month.

Hidden: Many of BP’s companies is based in Bermuda

Little the highly charged meeting would have believed that such a vast network of companies offshore existed, potentially allowing the Bank and its customers to avoid huge sums in tax.

They would still be in the dark had MP Chuka Abdullah not put figure at the diamond in the first place.

But an investigation by the Financial Mail can reveal that structure Byzantine of Barclays is far from rare. In fact, it is more the tip of the iceberg as the largest companies in Britain are concerned.

More than 1 000 subsidiaries in offshore tax havens are operated by 20 largest companies of Great Britain only.

British tax authorities are currently in secret war with tax jurisdictions. Only Friday last Revenue & Customs held his first meeting with the Swiss negotiators on a plan to recover the tax of more than 100 billion £ dirty distance by UK taxpayers to bank accounts in Switzerland, Financial Mail includes.

The largest companies are not likely to be exempt from the tax in the same manner as individuals, but through their subsidiaries networks, they can structure their affairs so as to avoid the tax.

And while there is no way to accurately measure the amount of tax that businesses have avoided to pay the Exchequer over the years due to their opaque offshore structure, level of their presence in secret offshore jurisdictions raises serious questions about what they do there.

Revelation: Bob Diamond Barclays boss, said the Bank had approximately 300 companies in tax havens

At a time where we are told that we are ‘all in this together’, many will want to know if laborious bretons are picking up the tab unpaid tax by our largest companies.

Adil, Labour MP for Streatham, South London, said: « tax avoidance by big business on a large scale is in years and it’s time the Government got a grip on it. It costs the Exchequer more than £25 billion a year. We could reduce this deficit by clamping down on the gaps and to ensure revenue & Customs has the resources to do this. »

›› See the full list of tax havens

Among the largest hoarders of subsidiaries – with 85 in jurisdictions super-secret, according to Companies House – is BP. In an ironic twist, his tax Chief, John Bartlett, was appointed this month by the Government to sit on a Panel on tax evasion. According to the Treasury, group « is part of the Government’s commitment to the fight against tax avoidance and strengthening sustainable means of defence to mitigate the risks of long-standing avoidance ».

A spokesman for BP that it had only 67 companies registered in offshore territories. « ‘ Bermuda and Luxembourg together account for two-thirds of them – Bermuda mainly because many companies focused on the BP Shipping are based there and the Luxembourg due to our pan-European trading and marketing, » he said.

Vodafone, which is in dispute with New Delhi on its tax bill, has 20 companies on the ocean Indian island of Mauritius, which has concluded an agreement allowing companies to avoid the Indian capital gains tax.

The telecommunications giant recently concluded an agreement with the collector of taxes owed by a Luxembourg subsidiary. Critics say that it descended with a beak billion £1 where he would have had to pay £6 billion – and the National Audit Office is now studying the tax authorities to try to see if proper procedures were followed in this area and in other cases. Vodafone has 50 companies in tax havens. A spokesman said: ‘when we acquired our participation in India, we bought a company Cayman of Hutchison and below who had a certain number of Mauritian companies.’

HSBC has 62 companies in offshore centres, especially in the Channel Islands and the Isle of Man. The Bank said that it offered only banking services at retail to local customers. Royal Bank of Scotland has 121 branches in offshore tax centres. He said that one third of those of the Cayman Islands – where he had 70 subsidiaries according to her annual statement – were British tax system, which means that they pay full UK tax. He said that some since had been sold, while the other subsidiaries were part of its international banking activities.

Lloyds Banking Group, which has 135 offshore companies, said that it meets their tax obligations. Standard Chartered bank has 37 branches in offshore centres.

Shell has 47 offshore subsidiaries, mainly in Bermuda, although the company stated that its holding company, Royal Dutch Shell Group, is based in the Hague and tax non-British.

Tesco has 40 branches, mostly in the Cayman Islands and Jersey. Minor Anglo American was joined by Grolsch Brewer SAB Miller in refusing to give figures.

Bill Dodwell, an expert from the tax to the Deloitte accountant, said: « the Offshore companies can be used to British tax planning, but there are many cases where it is to do with favorable corporate law. »

A spokesman for revenue from operations in tax havens, often act as a red flag for investigators. « If we see a company with a subsidiary somewhere known to be a tax haven, it raises our risk assessment, » he said.

Name: Top 20 companies UK tax havens

A survey of Financial Mail revealed today more than 1 000 subsidiaries in offshore tax havens are operated by the 20 largest companies in Britain.

Tax haven: Guernsey, Channel Islands

Here we detail the tax havens using these companies.

Total number of subsidiaries in tax havens

Shell – 47
HSBC – 62
BP – 85
Vodafone – 50
Glaxo – 13
Rio – 18
BHP – 24
British American Tobacco – 41
Lloyds Banking Group – 135
Unilever – 5
RBS – 121
Xstrata – 7
Barclays – 298
Diageo – 7
BG Group – 10
Tesco – 40
Standard Chartered – 37
Anglo-American-figures not available
SAB Miller – figures not available
AstraZeneca – 3

Total – 1003

Tax havens analyzed: Cayman Islands, Jersey and Guernsey, Isle of Man, Gibraltar, Bermuda, Virgin Islands British, Turks & Caicos Islands, Vanuatua, Luxembourg, Mauritius, Malta, Cyprus, Nauru, Monaco, Panama and Liechtenstein

Detailed breakdown of where the undertakings operate:

Shell – 47

Cayman Islands – 6
Jersey and Guernsey – 2
Isle of Man – 4
Bermuda – 35

BP – 85

Cayman Islands – 13
Jersey + Guernsey – 5
Gibraltar – 2
Bermuda – 15
British Virgin Islands – 22
Luxembourg – 21
Mauritius – 1
Cyprus – 1 Panama – 5

HSBC – 62

Cayman Islands – 6
Jersey and Guernsey – 33
Isle of Man – 6
British Virgin Islands – 12
Luxembourg – 2
Panama – 2
Liechtenstein – 1

Vodafone – 50
Cayman Islands – 1
Jersey and Guernsey – 13
Bermuda – 1
Luxembourg – 11
Mauritius – 20
Malta – 4

Glaxo – 13

Cayman Islands – 1
Jersey and Guernsey – 2
Bermuda – 3
Luxembourg – 1
Mauritius – 2
Malta – 1
Cyprus – 1 Panama – 2

Rio Tinto – 18

Cayman Islands – 5
Jersey and Guernsey – 2
Bermuda – 9
Panama – 2

RBS – 121

Cayman Islands – 71
Jersey and Guernsey – 30
Isle of Man – 3
Gibraltar – 3
Bermuda – 3
British Virgin Islands – 4
Luxembourg – 6
Liechtenstein – 1

Lloyds TSB Bank Plc + Bank of Scotland – 135

Cayman Islands-28
Jersey and Guernsey – 88
Isle of Man – 2
Gibraltar – 4
British Virgin Islands – 6
Luxembourg – 4
Panama – 1
Liechtenstein – 2

British American Tobacco – 41

Cayman Islands – 1
Jersey and Guernsey – 18
Isle of Man – 4
British Virgin Islands – 1
Luxembourg – 2
Malta – 2
Cyprus – 5
Panama – 6
Liechtenstein – 2

Unilever – 5

Bermuda – 3
Panama – 2

Barclays – 298

Cayman Islands – 179
Jersey and Guernsey – 55
Isle of Man – 30
Gibraltar – 3
British Virgin Islands – 3
Luxembourg – 16
Mauritius – 6
Malta – 2
Monaco – 1
AstraZeneca
Panama 1
Cayman 1
Bermuda 1

Diageo – 7

Jersey and Guernsey – 4
Panama – 1
Cyprus – 1
Bermuda – 1

BG Group – 10

BVI – 6
Cayman Islands – 3
Mauritius – 1

Tesco – 40

Cayman Islands – 16
VIRGIN ISLANDS BRITISH – 4
Luxembourg – 4
Mauritius – 1
Jersey and Guernsey – 15

Standard Chartered-37

Jersey and Guernsey – 12
Bermuda – 1
VIRGIN ISLANDS BRITISH – 2
Cayman Islands – 10
Mauritius – 10
Isle of Man – 2

AstraZeneca – 3

Panama -1
Cayman – 1
Bermuda – 1

Xstrata – 7

Cayman – 1
Bermuda – 6

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10-12-2014 – évasion fiscale agressives de multinationales, conseillé par Ernst & Young, PricewaterhouseCoopers & Deloitte et KPMG…, ont mis au point un dispositif fiscal sophistiqué centré sur le Grand-Duché, dans le but de réduire la charge d’impôts (voir à 0%).

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