A report commissioned by the Greens/EFA group in the European Parliament warns that the Commission’s corporate tax package published in January will not be effective in addressing tax avoidance structures used by IKEA among others, which involve shifting royalty payments to a conduit subsidiary in the Netherlands. The report, entitled IKEA: flat pack tax avoidance, claims that IKEA has avoided at least €1bn between 2009 and 2014 using such practices, which are being encouraged by the Netherlands, Luxembourg and Belgium. In an open letter addressed to competition commissioner Vestager and taxation commissioner Moscovici, the group urges the Commission to consider opening a formal investigation. See www.bit.ly/216RDkN.
A report commissioned by the Greens/EFA group in the European Parliament warns that the Commission’s corporate tax package published in January will not be effective in addressing tax avoidance structures used by IKEA among others, which involve shifting royalty payments to a conduit subsidiary in the Netherlands. The report, entitled IKEA: flat pack tax avoidance, claims that IKEA has avoided at least €1bn between 2009 and 2014 using such practices, which are being encouraged by the Netherlands, Luxembourg and Belgium. In an open letter addressed to competition commissioner Vestager and taxation commissioner Moscovici, the group urges the Commission to consider opening a formal investigation. See www.bit.ly/216RDkN.
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