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IKEA avoided 1 billion euros in taxes - European Greens
February 12, 2016 / 7:41 PM / 2 years ago

IKEA avoided 1 billion euros in taxes - European Greens

BRUSSELS, Feb 12 (Reuters) - Swedish furniture retailer IKEA avoided paying some 1 billion euros in taxes from 2009 to 2014, a report by the Green party in the European Parliament said on Friday.

The company did so by channelling royalty income through a Dutch company and possibly through Luxembourg and Liechtenstein, the report said. It added that IKEA also benefited from tax schemes in Luxembourg and Belgium.

The findings of the report were forwarded to the European Commission to ask them to investigate whether IKEA had infringed any EU laws, the Greens said in a statement.

IKEA group said in a statement it had not yet seen the report and could not comment.

“In the 2015 financial year, the IKEA Group corporate income tax was 822 million euros on a global basis, with an effective corporate income tax rate of approximately 19 percent,” it added. (Reporting by Robert-Jan Bartunek in Brussels and Simon Johnson in Stockholm; Editing by Hugh Lawson)

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