Date: 6 days ago   Category: Markets

Nike got under investigation in Europe


The European Commission (EC) began investigation concerning the Nike company to find out whether tax decisions of the authorities of the Netherlands provide the companies unfair advantage before competitors could, Reuters reports. According to EC, the authorities of the Netherlands during the period from 2006 to 2015 took out five tax conclusions, at the same time two of them still remain in force. It is noted that these resolutions approved a noncompetitive method of calculation of income tax of two companies Nike located in the Netherlands. At this stage the European Commission assumes that the royalties approved by the tax conclusions distort economic reality. Nike is one of the world's largest producers of sports goods. According to the latest data, the company earns more than 2 billion dollars a year. "The film of day" is more than important news in Telegram channel. Subscribe!

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