EU's Juncker sworn in amid ongoing tax row

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By Euronews
EU's Juncker sworn in amid ongoing tax row

<p>Embattled European Commission president Jean-Claude Juncker has officially been sworn as the head of the EU executive amid an ongoing tax row.</p> <p>He and his colleagues took an oath of independence at the European Court of Justice in Luxembourg.</p> <p>It came as fresh allegations emerged major multinationals brokered favorable tax deals during Juncker’s near two-decade tenure as prime minister of the Grand Duchy.</p> <p>New documents obtained by the International Consortium of Investigative Journalists claim to reveal more than thirty companies which engaged in such practices.</p> <p>But the revelations come at a time when G20 countries, including the EU, are trying to launch a global crackdown on tax avoidance and tax evasion.</p> <p>According to the documents, Koch Industries, Disney, Skype and Canada’s Bombardier funnelled profits through Luxembourg to lighten their fiscal bills.</p> <p>There is no suggestion of any crime having been committed, the companies say the agreements were in line with the law.</p>