By Jonathan Davies

Disney and Skype are among a number of companies accused of using tax breaks offered by Luxembourg, according to documents leaked by investigative journalists.

The International Consortium of Investigative Journalists (ICIJ) say that companies like Disney and Skype pumped hundreds of millions of dollars into Luxembourg subsidiaries.

Disney said its arrangement had "not meaningfully affected the taxes we pay". Microsoft, which owns Skype, said it "adheres carefully" to tax laws.

The European Commission is already investigating tax arrangements between large multinational companies and tax havens, particularly Luxembourg.

A spokesperson for the European Commission said that its chief, Jean-Claude Juncker "remains committed to the fight against tax evasion and to his presidency". Mr Juncker has previously been accused of encouraging tax avoidance when he was Prime Minister of Luxembourg - allegations he strenuously denies.

The leaked documents, referred to as "Lux Leaks", suggest that in some cases, companies paid less than 1% tax on their profits.

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