Ikea to face back-tax bill following investigation
Ikea could be looking at an historic tax bill worth millions of euros following an investigation by the European Commission.
The European Commission is set to finish its investigation into the home furnishing retailer which could see Inter Ikea – the brand owner of the store – forced to pay back millions of euros in back tax.
The two-year investigation that focused on the company’s franchise business in the Netherlands came about after a report by the European Parliament had discovered Ikea avoided paying €1bn over a six-year period, according to City AM.
The European Commission said the Dutch authorities granted Ikea two tax rulings which gave the company an unfair advantage and reduced its taxable profit in the Netherlands.
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