European Union regulators who slapped Apple Inc. with a 13 billion-euro ($14.6 billion) tax bill are examining allegations that Ikea dodged at least 1 billion euros in taxes over the past six years.
Competition Commissioner Margrethe Vestager, under fire in some quarters for targeting mainly U.S. firms in a clampdown on corporate tax avoidance, said EU officials are vetting claims by Green lawmakers that the world’s biggest furniture retailer uses unfair loopholes to avoid paying taxes.
“We have received the documentation that the Greens have made and we are going through it but we have nothing to comment as the case stands right now,” Vestager said Wednesday in Bloomberg TV interview, referring to the report published by the Greens/EFA group in the European Parliament earlier this year. “It is very, very early days.”
Ikea representatives didn’t immediately respond to a request for comment. At a European Parliament hearing in March, Ikea said its tax affairs are in line with international rules, echoing comments by other firms targeted by EU probes, including McDonald’s Corp. and Apple. Full story...
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Competition Commissioner Margrethe Vestager, under fire in some quarters for targeting mainly U.S. firms in a clampdown on corporate tax avoidance, said EU officials are vetting claims by Green lawmakers that the world’s biggest furniture retailer uses unfair loopholes to avoid paying taxes.
“We have received the documentation that the Greens have made and we are going through it but we have nothing to comment as the case stands right now,” Vestager said Wednesday in Bloomberg TV interview, referring to the report published by the Greens/EFA group in the European Parliament earlier this year. “It is very, very early days.”
Ikea representatives didn’t immediately respond to a request for comment. At a European Parliament hearing in March, Ikea said its tax affairs are in line with international rules, echoing comments by other firms targeted by EU probes, including McDonald’s Corp. and Apple. Full story...
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