EU antitrust regulators are seeking to wrap up a two-year investigation into IKEA brand owner Inter IKEA by the end of the year with an order to pay millions of euros in Dutch back taxes, reported Reuters.
The European Commission opened an investigation into Inter IKEA in 2017, claiming saying that two tax rulings granted by Dutch tax authorities to the company significantly reduced its taxable profits in the Netherlands.
The case is part of the EU executive’s campaign against tax avoidance by multinationals.
The Commission is still weighing the scope of the case, the people told Reuters said and the timing of its decision could still slip.
Full Content: Reuters
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