The so-called TAXE committee of the European Parliament on Monday visited Luxembourg to meet with representatives of the financial sector, government and parliament to discuss tax rulings schemes.

“We want to work with our partners in the EU and have nothing to hide,” Finance Minister Pierre Gramegna concluded at the end of the visit at a press conference on Monday afternoon. The Finance Minister added that reform efforts were already underway and that Luxembourg was working towards “more transparency and tax justice.”

Nine delegates of the commission under Alain Lamassoure had met with representatives of PwC, Luxembourg for Finance and Luxembourg for Business, MPs, as well as Transparency International.

Lamassoure commented that without LuxLeaks, the committee would never have been set up, thanking the journalists who had uncovered the large-scale tax rulings practice. He added that the revelations had made him and many other politicans realise the extent of the problem and a system that produces “immorality.”

Over the coming weeks, visits to Ireland, the UK, Belgium and the Netherlands are planned.