Ikea Is the Latest Multinational Being Investigated for Avoiding EU Taxes

The EU is continuing its crackdown on corporate tax avoidance.

According to the Financial Times, the European Commission, the executive body of the EU, plans to launch an investigation into Ikea on Monday.

Read: Here’s What the U.K. and EU Just Agreed To in the Brexit Deal

Ikea reportedly created two separate corporate groups in the Netherlands, Luxembourg, and Liechtenstein, enabling it to move "money and profits to take advantage of special tax schemes." The arrangement allegedly "helped...

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