EU begin probe into IKEA taxation model in Holland

The European Union is opening an in-depth probe into Ikea’s taxation model in the Netherlands in its latest effort to tackle sweetheart deals for big multinationals.

The European Union is opening an in-depth probe into Ikea’s taxation model in the Netherlands in its latest effort to tackle sweetheart deals for big multinationals.

The European Commission, the EU’s executive branch, said it has suspicions that two Dutch tax rulings over the past 12 years have given the Swedish furnishing company an unfair edge over other firms which have to work under the same system.