PwC said that questions put to it by journalists were based on ‘outdated’ and ‘stolen’ information, ‘the theft of which is in the hands of the relevant authorities’. The documents relate to tax arrangements for Heinz, JP Morgan, Pepsi and many other household names. UK manufacturer Dyson, for instance, saved ‘millions in tax’, paying 1% in Luxembourg on some of its activities.
Stephen Shay, a law professor at Harvard, described Luxembourg as being ‘like a magical fairyland’. Source: The Guardian