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Luxembourg, Juncker under fire after global tax leaks

European Commission chief Jean-Claude Juncker served as Luxembourg's premier from 1995 to 2013Luxembourg and its former premier Jean-Claude Juncker — now head of the European commission — came under fire Thursday after leaked documents showed the tiny nation gave hundreds of global firms huge tax breaks. Household names such as Pepsi, IKEA and Deutsche Bank were among companies named by the US-based International Consortium of Investigative Journalists (ICIJ) following a six-month investigation of 28,000 leaked documents. The revelations risked weakening Juncker’s position just days after he took office as head of the EU’s executive arm after 19 years as Luxembourg prime minister, the period during which many of the tax deals were sealed. Juncker’s spokesman said the veteran politician was “serene” about the revelations, though he pulled out of a public speaking engagement with former commission chief Jacques Delors scheduled later Thursday.

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