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Zara Under Fire as Greens Warn EU Tax Dodging Still in Vogue

  • Clothing chain’s owner cut taxes by $624 million, Greens say
  • Previous report targeted furniture giant Ikea’s tax planning
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Inditex SA, the world’s biggest clothing retailer and owner of the Zara and Massimo Dutti brands, was accused by the Green Party of using “aggressive” techniques to sidestep at least 585 million euros ($624 million) in taxes from 2011 to 2014.

Without an overhaul of European Union policy, “multinationals and their tax consultants, together with states which choose to engage in destructive tax competition, will continue to get around efforts to clamp down on profit-shifting and tax avoidance,” the Greens/EFA group in the European Parliament said in a report released in Brussels on Thursday.