Olympic secrecy of jurisdiction the day: Luxembourg

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To continue this series, which began when I, amongst many others, noted just how many secrecy jurisdictions are participating in the Olympics, today is the turn of Luxembourg. They have just nine athletes at the Olympics but they come third in terms of global significance as a tax haven.

The following comes from the Tax Justice Network report on Luxembourg produced to support the Financial Secrecy Index and published on the Secrecy Jurisdictions web site.