The European Commission is launching an investigation into Ikea's tax construction in the Netherlands. European Commissioner on competition Margrethe Vestager is expected to officially announce the investigation on Tuesday, British newspaper the Financial Times reports.
The European Commission has ruled that the sweetheart tax deal between Starbucks and the Dutch tax authorities amounts to illegal State aid. The government now has to recover between 20 and 30 million euros in back taxes from the multinational. The Dutch government has responded that they are "somewhat surprised" by the ruling and remain convinced that actual international standards were applied in crafting the law.