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Ikea’s tax affairs to be investigated by the EU

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The European Commission is to open an in-depth investigation into Ikea’s corporate tax structure.

The Commission said Dutch-based Inter Ikea, one of the furniture giant’s two divisions, may have been given unfair tax advantages by the Netherlands.

European Competition Commissioner Margrethe Vestager said all firms “big or small, multinational or not, should pay their fair share of tax”.

The EU will look at whether Ikea’s tax affairs breach EU rules on state aid.

Source: http://www.bbc.co.uk/news/business-42396188

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