EU probes Nike tax deals in the Netherlands

In this file photo, a Nike sports boot with the logo is pictured during an event to unveil the latest innovative sports products in New York. The EU on January 10, 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. — AFP photo

BRUSSELS: 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 investigation of one of the world’s most iconic brands, with its “Just Do It” moniker, follows a series of other tax probes targeting the Netherlands, including into Starbucks and Ikea.

A similar investigation of Apple’s tax affairs in Ireland resulted in a order by Brussels that the iPhone maker repay Dublin an extraordinary 14.3

... read more at: http://www.theborneopost.com/2019/01/12/eu-probes-nike-tax-deals-in-the-netherlands/

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