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Although whistleblowers acquired their credentials during LuxLeaks, they are still waiting for a real status to protect them. Photo: Edouard Olszewski / Maison Moderne archives
When LuxLeaks hit the financial world, the pressure was on at PwC Luxembourg.
On 5 November 2014, a very turbulent period in the life of PwC Luxembourg began, which actually ended rather well if one recalls the shock that hit the auditing firm on that day. With the publication in several newspapers of what would become known as “LuxLeaks” came the revelation of the extent to which large multinationals in Luxembourg were benefitting from certain rulings. The practices were legal and used throughout Europe, but in Luxembourg they were being done on such an “industrial” scale that many people were shocked.
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