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Disney, Koch used secret tax deals routed through Luxembourg, report says

2014-12-11 06:08:35| Oil & Gas - Topix.net

Walt Disney, giant conglomerate Koch Industries and other companies channeled hundreds of millions of dollars in profits through units based in Luxembourg in secret deals designed to avoid paying U.S. taxes, according to a new report. The International Coalition of Investigative Journalists said in its report late Monday that the maneuvers were found among a trove of leaked documents highlighting Luxembourg's role as a center of tax-avoidance deals for global corporations.

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