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Top five stories you may have missed
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Top five stories you may have missed

3 min. 21.05.2021 From our online archive
In case you missed them the Luxembourg Times has selected five of the best stories of the week for you
European Commission headquarters in Brussels
European Commission headquarters in Brussels
Photo credit: AFP

Brussels launches new plan to crack down on tax evasion

The European Commission will propose one set of rules for corporate tax for companies operating across the European Union as it cracks down on "aggressive tax planning" in countries such as Luxembourg which are costing the 27-nation bloc "billions of euros" each year.

The Commission plan, seen by the Luxembourg Times, also foresees closer scrutiny of letterbox companies which set up shop in a country for tax reasons only without having any real business there. Such companies were for instance described in the recent OpenLux media investigation.

Former spy arrest could impede Juncker wiretapping case  

The arrest of a former Luxembourg spy, alleged to have played a role in a multi-billion dollar cryptocurrency fraud pyramid scheme in the US, could hamper the Grand Duchy's efforts to convict the man in a wiretapping scandal that brought down former Prime Minister Jean-Claude Juncker

Frank Schneider is named as a co-conspirator in the OneCoin fraud, which centres around Bulgarian "cryptoqueen" Ruja Ignatova, who could face a prison sentence of 20 years each for charges of fraud and money laundering in the US.

Take the jab or be reassigned, Mondorf Spa tells staff  

Staff working with vulnerable patients at the Mondorf spa must get a Covid-19 shot or be assigned new tasks, the head of the facility in the south of the country said on Tuesday, raising the prospect that employers could make vaccinations mandatory "through the backdoor".

Just eight out of the 30 employees who work in the spa's rehabilitation clinic had not yet taken a vaccine when the spa decided to make it mandatory in order for them to continue to do their work, Mondorf Domaine Thermal board president Paul Hammelmann told the Luxembourg Times in an interview.

Liberty Steel workers sent home as owner struggles  

Most of the more than 200 workers at Liberty Steel's Dudelange plant already are receiving unemployment compensation, victims of a crisis threatening to tear apart the factory's British owner, union officials said on Monday.

Of the plant's roughly 220 employees, including office staff, "I can say three-quarters of those fine people are currently on short-time work", Stefano Araujo, head of the OGB-L union's steel division, said in an interview. 

State coffers get pandemic hit as firms cut dividends  

The economic blow from the pandemic also damaged Luxembourg's significant corporate holdings, yielding an 80% drop in revenues for the treasury last year as some major companies with domestic ties halted dividends.

The state's revenues from its shareholdings in about two dozen national companies dropped to €43 million in 2020, from  €213 million in 2019, according to an annual report by the Luxembourg central bank (BCL).  


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