EU opens in-depth investigation in Nike’s tax deals in the Netherlands

The EU launched an in-depth probe into Nike‘s tax affairs in the Netherlands, following revelations in the “Paradise Papers” scandal that exposed low tax deals for multinationals.

The European Commission “will investigate in an-depth to assess whether it is in line with EU State aid rules,” European Competition Commissioner Margrethe Vestager said in a statement.

The investigation will try to determine whether a series of tax agreements over almost a decade gave Nike an “unfair advantage over competitors” in the Netherlands, she added.

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The investigation will focus on two Dutch-based units of Nike that the EU suspects paid tax “that may not reflect economic reality”, a statement said.

The units — Nike European Operations Netherlands BV and Converse Netherlands BV — in fact employ more than

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