Ikea under EC scrutiny over tax underpayment claim

Brussels

THE European Commission on Saturday pledged to study a report claiming that Swedish furniture giant Ikea may have underpaid taxes by one billion euros (S$1.6 billion) between 2009 and 2014 due to aggressive tax strategies.

Research commissioned by the Green/EFA group in the European Parliament claims to show that Ikea "structured itself to dodge one billion euros in taxes over the last six years using onshore European tax havens", the group said in a statement.