THE HAGUE, Netherlands | EU executive launches probe into Dutch tax regime for Nike

10Jan - by Editor - 0 - In STL.News

THE HAGUE, Netherlands—Jan 10, 2019—European Union regulators have opened an in-depth investigation into whether the Dutch government gave tax breaks to global sneaker giant Nike that might have breached EU rules governing state aid.

The EU’s executive Commission said Thursday that the probe is centered on two Dutch-based companies that are part of the sports goods maker’s global operations.

EU Competition Commissioner Margrethe Vestager says EU member states “should not allow companies to set up complex structures that unduly reduce their taxable profits and give them an unfair advantage over competitors.”

Nike and the Dutch government did not immediately comment on the probe.

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