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Nike Loses Court Spat Over EU Crackdown on Tax Affairs

  • Nike challenges 2019 EU decision to open state aid probe
  • EU has targeted several U.S. giants in bid for fairer taxation
Nike To Lay Off 2 Percent Of Global Workforce Amid Drop In Sales

Photographer: Drew Angerer/Getty Images

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Nike Inc. failed to topple a European Union decision to probe its tax affairs amid a crackdown on allegedly unfair fiscal deals for big companies.

The European Commission complied with procedural rules when it decided to scrutinize the sportswear giant, the EU’s General Court ruled on Wednesday, dismissing Nike’s appeal.