Copies of leaked documents related to negotiations PricewaterhouseCoopers LLP (PWC) held with Luxembourg on behalf of taxpayers have been made available by the International Consortium of Investigative Journalists (ICIJ). The documents are related to negotiations handled by PWC for over 540 tax rulings made for over 340 taxpayers from 2002 to 2010, several of which are well known fortune 500 companies. Based on advanced accounting and legal structures and tax deals made with the Luxembourg authorities, several of these taxpayers were able to achieve an effective tax rate of less than 1%. Many of the schemes took advantage of hybrid...