Luxembourg: We are not tax haven for rich

Luxembourg on Monday denied claims made in international media publications that the nation is a massive tax haven for the world's rich and famous despite European Union legislation to clamp down on it.

A group of media outlets allege that the Grand Duchy has scores of ghost companies without staff or offices with only the aim in mind to hide or protect funds and wealth from tax collectors or harbor suspect funds. The outlets cite financial data they collated based on publicly available registers.