Luxembourg. According to
Countryaah.com, Luxembourg's Minister of Infrastructure
François Bausch announced in January that a legal process
will be pursued against the Volkswagen car ticket following
the so-called diesel street scandal in 2015, which revealed
cheating with the cars' diesel engines.
Two French whistle-blowers (Antoine Deltour and Raphael
Halet) in the so-called Luxleaks business in 2014 had their
sentences mitigated. Deltour was sentenced, from 12 months
in prison, to six months in prison and Halet escaped in
prison for nine months. They were both convicted of stealing
and leaking documents from the PWC audit firm. These
documents showed that Luxembourg has given over 300 large
companies favorable tax treaties.
Luxembourg, the richest country in the EU, emerged during
the year in connection with discussions on where the UK's
banks should take the road when implementing Brexit.
According to Bloomberg News Agency, multilingualism and the
high level of education and cheap airline tickets to London
speak for a move there. What speaks against is a problematic
traffic situation. Luxembourg was also one of the countries
that showed interest in taking over the EU's banking
authority EBA when moving from London in connection with the
EU exit. However, it was Paris who got the honor to take