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More companies will leave Luxembourg, says finance minister

February 07, 2017

Lena Angvik



Luxembourg’s finance minister expects more companies to follow the lead of McDonald’s and relocate their tax bases amid increased scrutiny from European tax authorities.

The country’s finance minister, Pierre Gramegna, said Sunday that the country would lose companies because of the OECD’s BEPS Project and its efforts to clamp down on base erosion and profit shifting.

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