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New Luxembourg leaks reveal Disney, Koch Industries tax deals

2014-12-10 01:06:17| Oil & Gas - Topix.net

Tax deals that entertainment giant Walt Disney Co., commodities group Koch Industries and others agreed with the Luxembourg authorities were revealed on Tuesday by the International Consortium of Investigative Journalists . The ICIJ said the two companies engaged in complex restructurings, and channeled hundreds of millions of dollars in profits between 2009 and 2013 through Luxembourg subsidiaries that enjoyed tax rates of less than 1 percent.

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