Ikea to face back-tax bill following investigation
Ikea could be looking at an historic tax bill worth millions of euros following an investigation by the European Commission.
The European Commission is set to finish its investigation into the home furnishing retailer which could see Inter Ikea – the brand owner of the store – forced to pay back millions of euros in back tax.
The two-year investigation that focused on the company’s franchise business in the Netherlands came about after a report by the European Parliament had discovered Ikea avoided paying €1bn over a six-year period, according to City AM.
The European Commission said the Dutch authorities granted Ikea two tax rulings which gave the company an unfair advantage and reduced its taxable profit in the Netherlands.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.