MPs have accused the accountancy firm PriceWaterhouseCoopers (PwC) of promoting "tax avoidance on an industrial scale".
An investigation by the Commons' Public Accounts Committee (PAC) found the firm's "complex strategies and contrived structures" helped large companies cut their tax bills.
A report by the committee alleges PwC's arrangements to divert profits via Luxembourg "bear all the characteristics of a mass-marketed tax avoidance scheme".
PwC has denied the claims, issuing a statement saying it strongly disagrees with the PAC's conclusions.
"We stand by the evidence we gave the Public Accounts Committee and disagree with its conclusions about the work we do," the statement said.
"But we recognise we need to do more to explain the positive role we play in the tax system and in helping businesses to operate successfully.
"We agree the tax system is too complex, as governments compete for investment and tax revenues.
"We take our responsibility to build trust in the tax system seriously and will continue to support reform."
MPs launched an investigation after hundreds of documents were leaked last year.
The documents appeared to show how the firm secured deals with Luxembourg tax authorities for 343 multinational companies between 2002 and 2010.
Margaret Hodge, chair of the committee, said: "We believe that PwC's activities represent nothing short of the promotion of tax avoidance on an industrial scale.
"The effect has been to reduce the amount of corporation tax that some multinational companies pay in the countries in which they make their profits."
The PAC's report said many companies that received advice from PwC are well-known to the public, including Amazon, Ikea, Burberry and Vodafone.
"These deals appeared to contradict the evidence which PwC had given us in 2013," the report said.
"PwC had told us that it does not sell schemes but the Luxembourg leaks suggest that PwC had advised many multi-national firms to adopt similar complex financial structures for the purpose of avoiding tax."
The PAC has called for the Government to take a more active role in regulating the tax industry.
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