Reuters: Accountants, journalist face tax leaks trial in Luxembourg

26/04/2016 | Fraud
Two former employees of accountancy giant PwC go on trial in Luxembourg on Tuesday along with a French journalist, accused of leaking details of corporate tax deals that have fueled global demands for reform. The case, coming 18 months after revelations dubbed LuxLeaks sparked accusations the Grand Duchy conspired with multinational companies to deprive other EU states of tax revenue, has drawn strong criticism from civil rights and media groups who argue the men are whistleblowers in need of protection. Analysts say the Luxembourg authorities face a dilemma between defending confidentiality within financial institutions on whose customers the tiny state's economy depends and avoiding damage to its public image that could discourage business.