Adidas accused of massive tax evasion in Russia ...News

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Adidas accused of massive tax evasion in Russia
The German sportswear company reportedly didn’t pay fired staff promised compensation after leaving the country German sportswear giant Adidas failed to pay 10 billion rubles ($166 million) in taxes in Russia after the company announced plans to quit the country in March, a number of Russian media outlets reported on Monday, citing the Mash Telegram channel. The non-payment was reportedly revealed by Alexander Khaminsky, the head of the Center for Law Enforcement in Moscow Region, who examined Adidas’ financial records. According to Khaminsky, the company’s Russian subsidiary transferred its stock to local supplie

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