Ikea accused of dodging $1.1 billion in taxes
- 8 years ago
Ikea has been accused of dodging up to 1 billion euros ($1.1 billion) in taxes between 2009 and 2014, according to a report by the Green party in the European Parliament.
The political group is accusing the retailer of "large scale tax avoidance."
Its report, published over the weekend, said Ikea was deliberately shifting money from its stores around Europe through a subsidiary in the Netherlands.
From there, they would end up untaxed in Lichtenstein or Luxembourg.
The European Commission, the top E.U. regulator, said it would study the report.
The political group is accusing the retailer of "large scale tax avoidance."
Its report, published over the weekend, said Ikea was deliberately shifting money from its stores around Europe through a subsidiary in the Netherlands.
From there, they would end up untaxed in Lichtenstein or Luxembourg.
The European Commission, the top E.U. regulator, said it would study the report.