European Greens: Ikea avoided 1 billion euros 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.
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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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