Stockholm — On Monday, Swedish furniture giant Ikea said its tax deals in the Netherlands did not breach EU laws, after the European Commission launched a probe into how the company allegedly slashed its tax bill on revenue from megastores around the world. "The way we have been taxed by national authorities, has in our view been in accordance with EU rules," Ikea said in a written statement to AFP. "It is good if the investigation can bring clarity and confirm that," the Netherlands-based company added. The EU’s investigation into the Swedish furniture giant’s tax deals in the Netherlands is the latest salvo by Brussels against the tax affairs of multinationals. The case is the most ambitious one yet by Brussels against a multinational from Europe, and follows similar cases against US heavyweights Apple, Amazon and McDonald’s. They all come amid a wave of revelations such as the "Paradise Papers" and "Lux Leaks" that have turned the spotlight on how multinationals and the world’s s...
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