European Commission investigates Nike's tax status in the Netherlands
10 days ago - By Fashion United
The European Commission has launched an in-depth investigation into
Nike's tax arrangements in the Netherlands, looking to examine whether the country's tax administration body, Belastingdienst, has given the sportswear giant an unfair advantage over its competitors.
Between 2006 and 2015, Dutch authorities issued five tax rulings, two of which are still in force, approving a method to calculate tax-deductible royalty payments to two Nike divisions based in the country, namely Nike
European Operations Netherlands BV and Converse Netherlands BV. These two companies develop, sell, market and...
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European Commission Probes Nike Tax Breaks in The Netherlands
10 days ago - By WWD
PARIS - The European Commission is looking into whether tax breaks in the Netherlands have given Nike an unfair advantage over competitors.
“Member states should not allow companies to set up complex structures that unduly reduce their taxable profits and give them an unfair advantage over competitors,” Margrethe Vestager, the commissioner in charge of competition policy, said in a statement.
Vestager said the commission will examine whether the way the Netherlands handles Nike's taxes is in line with European Union state aid rules, but also noted she welcomed efforts by the country to...
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