EU probes Nike tax deals in the Netherlands

Brussels: The EU on Thursday launched an in-depth probe into Nike’s tax affairs in the Netherlands, following revelations in the “Paradise Papers” scandal that exposed low tax deals for multinationals. The investigation of one of the world’s most iconic brands, with its “Just Do It” moniker, follows a series of other tax probes targeting the Netherlands, including into Starbucks and Ikea. A similar investigation of Apple’s tax affairs in Ireland resulted in a order by Brussels that the iPhone maker repay Dublin a 14.3 billion euros in back taxes. (AFP)