UK Ministers Urge Luxemburg Leadership Tax Investigation

European Commission President Jean-Claude Juncker should be investigated over claims he encouraged tax avoidance when he was leader of Luxembourg, senior Conservatives have said.

Work and Pensions Secretary Iain Duncan Smith said the commission should have “no fear of investigating their own” and urged “complete transparency”.

And Tory party chairman Grant Shapps said it was important that the commission was held to account.

Mr Juncker has denied the claims.

The government has had an acrimonious relationship with Mr Juncker since he emerged as the leading candidate to run the commission following May’s EU elections.

Mr Juncker, who took over as head of the EU’s executive body at the start of November, has come under pressure over claims that some 340 global companies were granted deals to help them avoid tax during his 18 years in office, which ended last year.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza