Walt Disney Co. and Microsoft Corp.'s Skype unit are amonghundreds of companies that benefited from lower taxes through“secret” deals with Luxembourg, according to a new report by agroup of investigative journalists.

Confidential documents released by the group show that HongKong-based Hutchison Whampoa Ltd. and private equity firm WarburgPincus LLC also are among the international companies that havebenefited from arrangements in the country allowing them to cuttheir tax bills. The International Consortium of InvestigativeJournalists posted the documents on its website late Tuesday.

More than 340 companies have transferred profits to Luxembourgusing complicated tax arrangements, the group of more than 80journalists said in a report on Nov. 5, which reviewed almost28,000 documents and identified companies such as PepsiCo Inc.,Ikea Group and FedEx Corp. Some corporations effectively loweredtheir tax bill to less than 1 percent of profit, the groupsaid.

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