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More justice for some

Aggressive tax planning is retreating, not beaten

Edward Hadas 

Edward Hadas Fair taxes for all. The publication of some embarrassing details of corporate tax arrangements in Luxembourg brings that undoubtedly worthy goal a little closer. But while aggressive tax planning may be in retreat, it is far from vanquished. It was hardly a secret that many international companies pushed profits into Luxembourg to reduce their tax payments. The Grand Duchy's leaders long ago decided that a jurisdiction with the population of Wichita, Kansas would prosper from collecting a minuscule percentage of the large cash flows that low tax rates and zero publicity could attract. ...

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First Published: Sun, November 09 2014. 22:21 IST