EU regulators to examine lawmakers' report on IKEA taxes

February 15, 2016 11:30 AM

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EU regulators to examine lawmakers' report on IKEA taxes

BRUSSELS - European Union state aid regulators will examine a report by a group of EU lawmakers accusing Swedish furniture retailer IKEA [IKEA.UL] of avoiding paying at least 1 billion euros ($1.1 billion) in taxes over a six-year period.

IKEA has said it paid an effective corporate income tax rate of about 19 percent in 2015.

Also read: EU investigators probe Swedish mobile telecoms firms

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