Nike fails to stop EU probe on billions in alleged tax dodging ...Middle East

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Footwear giant Nike cannot stop a probe into possible multibillion dollar tax avoidance, one of Europe’s highest courts ruled this week. The General Court of the European Union on Wednesday rejected Nike’s arguments, which sought to end a high-stakes inquiry by the European Commission into allegations that the company obtained an unfair advantage over competitors when it signed deals with Dutch authorities in 2006 and 2010. “The General Court does not accept any of the arguments put forward and dismisses the action in its entirety,” judges wrote. The European Commission opened the probe into Nike’s Dutch tax arrangements in 2019 following an investigation by the International Consortium of I

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Last updated : 15 July 2021 clock 11:45 PM

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Nike fails to stop EU probe on billions in alleged tax dodging ...Middle East

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