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Ikea under EC scrutiny over tax underpayment claim

Published Sun, Feb 14, 2016 · 09:50 PM

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 ye…

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