Furniture company joins Starbucks, Amazon and Apple on Brussels watchlist after EU says Swedish firm funnelled revenue via low-tax subsidiariesThe EU has launched an “in-depth” investigation into the tax affairs of Ikea after claims the retailer’s deals with the Dutch government have saved it around €1bn (£880m).
Initial findings from the European commission propose the Swedish firm has been able to employ a Dutch subsidiary to heavily reduce its tax bill on revenue from stores around the world.
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Source: guardian.co.uk