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 Union published its black list of tax havens. It consists of 17 countries the EU believes help multinationals and rich people avoid the tax authorities. The Netherlands does not appear on the list - no EU countries do. But Aruba and Curacao, which form part of the Kingdom of the Netherlands, were placed on a "gray list" - they have two years to implement promised improvements, or they'll be blacklisted, the Volkskrant reports.
The Netherlands should be on the European Union's blacklist of tax havens, according to development organization Oxfam Novib in a report. The EU is currently working on such a list, to get a clear picture on which countries 'refuse to play fair', and the expectation is that the Netherlands will not be on it, RTL Nieuws reports.
The EU list is expected to be presented in December. According to Oxfam, if the criteria for non-EU countries were also applied to the Netherlands, the country would definitely end up on the blacklist.