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Nike’s Dutch Tax Treatment Under Investigation By EU Officials

The European Commission has launched an “in-depth investigation” into Nike’s tax treatment in the Netherlands.
The group, which oversees various policies in the 28-member EU, said today that it will examine whether tax rulings granted by the Netherlands to the global athletic behemoth may have given the company an unfair advantage over its competitors, breaching EU state aid rules.
“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,” said Margrethe Vestager, commissioner in charge of competition policy. “The commission will investigate carefully the tax treatment of Nike in the Netherlands, to assess whether it is in line with EU State aid rules. At the same time, I welcome the actions taken by the Netherlands to reform their corporate taxation rules and to help ensure that companies will operate on a level playing field in the EU.”
The commission said its investigation will center on two Nike group companies based in the Netherlands, Nike European Operations Netherlands BV and Converse Netherlands BV. Both entities develop, market and record the sales of Nike and Converse products in Europe, the Middle East and Africa.
From 2006 to 2015, Dutch tax authorities issued five tax rulings, two of

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Via:: https://footwearnews.com/2019/focus/athletic-outdoor/nike-under-investigation-taxes-dutch-netherlands-european-union-1202728637/