Tiny Luxembourg in the spotlight as a tax haven

Nov. 17, 2014

Q: A group of investigative journalists issued a report about secret deals struck by major corporations with Luxembourg that allegedly allowed them to avoid billions of dollars in taxes. Tiny Luxembourg is surrounded by Belgium, Germany and France. Where is it on this map?

Circle the area on this map

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Q: Luxembourg is the world's last . . .

A. Absolute monarchy

B. UN protectorate

C. Commune

D. Grand duchy

Q: Companies such as Pepsi, IKEA, AIG and Coach have channeled hundreds of billions of dollars through the small nation and saved billions of dollars in taxes, according to the report. With about 1,600 square miles, Luxembourg is about the same size of which state?

A. Delaware

B. Rhode Island

C. New Jersey

D. Hawaii

Q: On a per person basis, Luxembourg is the third richest nation in Europe. Which European nation has the largest gross domestic product per person?

A. Andorra

B. Jersey

C. Liechtenstein

D. Monaco

Q: All of the nations blacklisted by the European Union as tax havens are relatively small and many are islands. One island nation in the South Pacific Ocean even protects assets of the rich from other nations' lawsuits and legal claims. Which island tax haven offers this extra protection?

A. Cook Islands

B. Seychelles

C. Falkland Islands

D. Cayman Islands

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Answers for this quiz: Click here