How Volkswagen stashed billions of euros in Luxembourg scheme

By and Martin Hesse, Simon Hage (Der Spiegel) et Blaz Zgaga

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In early 2013, Hans Dieter Pötsch, then head of finance for the Volkswagen Group, was asked by German daily Frankfurter Allgemeine Zeitung about the practices of some multinational corporations of establishing financial structures, such as those based in Luxembourg, that allow them to avoid paying taxes in countries where they operate. "For Volkswagen, let me be extremely clear, we have never played such games," he told the paper.