Jul 15, 2021
Nike fails to stop EU probe on billions in alleged tax dodging
The footwear giant argued that it’s being singled out after the Paradise Papers investigation revealed its Dutch tax arrangements.
The footwear giant argued that it’s being singled out after the Paradise Papers investigation revealed its Dutch tax arrangements.
The new analysis is based on corporation data first released in 2020 as part of an OECD-coordinated effort to tackle tax avoidance worldwide.
Europe’s competition chief has provisionally concluded that Nike paid too little tax in the Netherlands for each of the past 14 years.
The newly-announced European investigation into suspected illegal state aid follows ICIJ’s Paradise Papers reporting, which uncovered details of Nike’s global tax strategy.
When one tax loophole closes, another opens.
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