EU failing to tackle tax dodging one year after 'LuxLeaks'

Brussels

EU countries are still failing to tackle tax avoidance practices despite vowing to shut down loopholes after the LuxLeaks scandal one year ago, a report by several campaign groups said Tuesday.

The 28 member states of the European Union have passed a number of measures in the 12 months since LuxLeaks revealed that top companies, including Pepsi and Ikea, had reduced their tax rates to as little as one per cent in sweetheart deals with Luxembourg.