European Greens: Ikea avoided 1 billion euros in taxes

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Report Accuses Ikea of Evading $1.1B in Taxes

Swedish furniture retailer Ikea avoided paying some 1 billion euros in taxes from 2009 to 2014, a report by the Green party in the European Parliament said on Friday.

The company did so by channelling royalty income through a Dutch company and possibly through Luxembourg and Liechtenstein, the report said. It added that Ikea also benefited from tax schemes in Luxembourg and Belgium.

SEE ALSO: Here's how to figure out whether you should do your own taxes

The findings of the report were forwarded to the European Commission to ask them to investigate whether Ikea had infringed any EU laws, the Greens said in a statement.

Ikea Group said in a statement it had not yet seen the report and could not comment.

"In the 2015 financial year, the Ikea Group corporate income tax was 822 million euros on a global basis, with an effective corporate income tax rate of approximately 19 percent," it added.

(Reporting by Robert-Jan Bartunek in Brussels and Simon Johnson in Stockholm; Editing by Hugh Lawson)

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European Greens: Ikea avoided 1 billion euros in taxes
Shoppers wait in a long queue outside a store of Ikea in Gwangmyeong, south of Seoul, on December 18, 2014. Global furniture giant Ikea opened its first store in South Korea a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way. AFP PHOTO / JUNG YEON-JE (Photo credit should read JUNG YEON-JE/AFP/Getty Images)
ALMHULT, SWEDEN - MAY 12: KEA CEO Peter Agnefjà ll announced a collection of furniture that can wirelessly charge devices at the Democratic Design Day conference at the IKEA headquarters in rural Sweden. May 12, 2015. (Randy Risling/Toronto Star via Getty Images)
Shoppers walk past a logo of Ikea at its store in Gwangmyeong, south of Seoul, on December 18, 2014. Global furniture giant Ikea opened its first store in South Korea a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way. AFP PHOTO / JUNG YEON-JE (Photo credit should read JUNG YEON-JE/AFP/Getty Images)
EMERYVILLE, CA - JUNE 26: A customer leaves an IKEA store on June 26, 2014 in Emeryville, California. Swedish furniture retailer IKEA announced that it plans to raise the minimum wage for its retail employees in the U.S. by an average of 17 percent in 2015. The minimum wage will increase by an average of $1.59 to $10.76 an hour. (Photo by Justin Sullivan/Getty Images)
A picture taken on November 28, 2013 in Toulouse shows the parking of an Ikea store.AFP PHOTO / REMY GABALDA (Photo credit should read REMY GABALDA/AFP/Getty Images)
An aerial view shows a Ikea department store on November 17, 2011 over Vitrolles, southern France. AFP PHOTO/GERARD JULIEN (Photo credit should read GERARD JULIEN/AFP/Getty Images)
View of the Ikea store in Roissy-en-France, north of Paris, as workers of the Swedish furniture designer Ikea hold a national strike calling for higher wages. The strike hit 16 of the 26 French stores, and some 500 workers out of the 5,500 due to work today according to management and about 50% of the personel according to the CGT union, one of the three unions that called for the strike. AFP PHOTO / JACQUES DEMARTHON (Photo credit should read JACQUES DEMARTHON/AFP/Getty Images)
A general view of Swedish retail giant IKEA in the coastal Israeli city of Netanya on August 24, 2009. Israel pressed Stockholm to condemn a report by a Swedish newspaper about alleged body-snatching that has stoked tensions between the two countries. Sweden's Aftonbladet newspaper sparked the row last week when it published a report claiming Israeli soldiers snatched Palestinian youths to steal their organs and returned their dismembered bodies days later. The Swedish government has declined to condemn the piece, saying it has to respect the principle of freedom of expression enshrined in its constitution. Hundreds of Israelis have signed an online petition to boycott the Swedish retail giant IKEA to protest the article and Stockholm's stance, the daily Haaretz reported. AFP PHOTO / JACK GUEZ (Photo credit should read JACK GUEZ/AFP/Getty Images)
NANJING, CHINA - AUGUST 28: (CHINA OUT) A member of staff works in a new IKEA store on August 28, 2008 in Nanjing of Jiangsu Province, China. IKEA launched a new store in Nanjing, the sixth shop in China, covering an area of over 30,000 square meters. (Photo by China Photos/Getty Images)
Haparanda, SWEDEN: Visitors at the new IKEA furniture department store 15 November 2006 in Haparanda at the very northern Swedish boarder to Finland and Russia. AFP Photo/Thord Nilsson (Photo credit should read THORD NILSSON/AFP/Getty Images)
BEIJING - APRIL 12: A Chinese worker performs during the opening ceremony of IKEA's new Siyuanqiao store on April 12, 2006 in Beijing, China. The world's leading home furnishings retailer, opens the 43,000 square meter store which is the world's second largest IKEA store on Wednesday. (Photo by Cancan Chu/Getty Images)
BRISTOL, ENGLAND - AUGUST 12: The sponsors balloon is seen as part of the night glow balloon display at the 'IKEA Bristol International Balloon Fiesta' at the Ashton Court Estate on August 12, 2004 in Bristol, England. The 26th annual festival, which runs until August 15, is the largest balloon fiesta outside the U.S. attracting 150 balloons and over 500,000 visitors. (Photo by Matt Cardy/Getty Images)
DELFT, NETHERLANDS - DECEMBER 11: The exterior of an IKEA store is shown December 4, 2002 in Delft, the Netherlands. All 10 stores of the furniture retailing giant in the Netherlands were closed after explosives were found December 4 in IKEA stores in Amsterdam and Sliedrecht, the Netherlands. (Photo by Michel Porro/Getty Images)
Hundreds of customers wait outside the Michigan's first IKEA store in Canton Township, Mich., Wednesday, June 7, 2006. The doors opened at 8:45 a.m., 15 minutes earlier than expected, and the hysteria began as the Swedish home furnishings giant opened its 28th U.S. location. (AP Photo/Carlos Osorio)
** FILE ** People line up to get inside the first IKEA store opened just outside Moscow, in this March 22, 2000 file photo. Swedish furniture giant Ikea invited 250 guests, including the Swedish ambassador, to a grand opening celebration last Friday Dec. 10, 2004 of its new 230,000-square meter "Mega" shopping mall, the biggest retail store anywhere in Eastern Europe. But after a Moscow region bureaucrat said a nearby gas pipeline was a safety hazard, the mall doors were forced to remain firmly shut. (AP Photo/Maxim Marmur)
Malaysians queue up outside the new IKEA home furnishings store at 6:30 a.m. for the official opening in Kuala Lumpur, Malaysia, Thursday, Aug. 14, 2003. The new RM180 million (US$47.4 million) IKEA store measures 35,811 square metres, the biggest home furnishing store in Asia. (AP Photo/Andy Wong)
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