Two men behind the so-called LuxLeaks tax scandal were hit Wednesday with suspended prison sentences and fines, after being found guilty by a Luxembourg court of leaking documents that implicated hundreds of multinational companies in tax avoidance practices.
The LuxLeaks scandal came to light in 2014, when an international team of investigative journalists reported that Luxembourg had helped more than 340 multinationals - including Pepsi, IKEA and Deutsche Bank - to avoid paying billions of euros in taxes.
The LuxLeaks findings gave new momentum to a global crackdown on corporate tax avoidance and evasion.
The main defendant, Antoine Deltour, a former employee of global accounting firm PricewaterhouseCoopers, was given a 12-month suspended prison sentence for leaking around 45,000 pages of confidential corporate tax arrangements.
His former colleague, identified only as Raphael H, was given a nine-month suspended sentence. Both men were also hit with fines. French journalist Edouard Perrin was cleared of all charges.
The prosecution had asked for 18-month suspended sentences for Deltour and his colleague, and a fine for Perrin.
Tuesday, April 26, 2016 - 14:47