The Grand Duchy of Luxembourg is a founding member of the EU, but it's also a rogue state, enabling massive corruption throughout the trading bloc; while Cyprus and Malta will sell any corrupt robber-baron EU citizenship, it's Luxembourg that leads in laundering their money.
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As the @TaxJusticeNet's @nickshaxson memorably put it, Luxembourg is "a criminal enterprise with a country attached" - a country where corporations are guaranteed "an easy ride on taxes, disclosure, financial regulations, and criminal
2014's #Luxleaks exposed some of the worst corruption, whereby @PwC worked with Luxembourg officials to secure illegal tax benefits for major corporations and the world's richest
Luxleaks lead to a 2018 EU directive that required member states to publish registers of the true owners of the companies they registered.
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Luxembourg published theirs in 2019, and @lemondefr partnered with ten media orgs for a year-long analysis of the register, which was published this week: #Openlux. The findings reveal that Luxleaks was just the tip of the