Greens Say Ikea Avoided at Least $1.1 Billion in Taxes to EU
- Report says Germany lost 35 million euros in revenue in 2014
- Green party asks EU to investigate the furniture retailer
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Ikea avoided paying at least 1 billion euros ($1.1 billion) in taxes owed to nations in the European Union over the past six years, the EU’s Green party said as it sought a government investigation of findings in a report it commissioned.
The Greens/EFA group in the European Parliament said the world’s biggest furniture retailer is using loopholes to avoid paying taxes, according to a Feb. 12 statement on the party’s website.