Luxembourg Funds Probed by Belgian Tax Inspectors, De Tijd Says

Luxembourg-based funds run by BNP Paribas SA and others are being investigated by Belgian tax authorities, De Tijd reported today, without citing sources.

De Tijd quoted Belgian Finance Ministry spokesman Francis Adyns as saying officials are investigating how some Belgians used the funds to avoid tax. He didn’t name the financial institutions that offered the products.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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