Heintz was asked about the recent publication of the so-called “Pandora Papers”, which expose hidden assets of world leaders all around the globe, including the Grand Duchy. Heintz explained that in recent years, Luxembourg already closed many loopholes in light of similar incidents, and expressed his belief that by now, other countries are further behind in terms of fiscal responsibility.
Heintz also used the opportunity to promote a book from the Robert Krieps Foundation, in which 15 different authors lay out proposals for increasing tax fairness. Heintz also contributed to the book and focused on areas where remaining tax loopholes can be closed, according to his assessment.
The former director of the fiscal management administration also talked about his personal interest in politics and policies, and how he sympathises with the Luxembourg Socialist Workers’ Party (LSAP) for putting forward the idea of a corona tax.
Furthermore, he made a case for abolishing the bank secrecy for private residents. Heintz explained that by giving access to the fiscal management administration, it will be easier to check whether profits have been declared correctly. This can then ultimately be used to improve tax fairness without burdening honest citizens any further, Heintz concluded.
