EU court backs EU probe into Nike’s Dutch tax deal By Reuters

<iframe src=”//rcm-na.amazon-adsystem.com/e/cm?o=1&p=22&l=ur1&category=homegarden&banner=02NMTC702K4D0VHE1SR2&f=ifr&linkID=17e0b4ac3a719000706e772761d8ae0e&t=forexz-20&tracking_id=forexz-20″ width=”250″ height=”250″ scrolling=”no” border=”0″ marginwidth=”0″ style=”border:none;” frameborder=”0″></iframe>

© Reuters. FILE PHOTO: The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, U.S., March 19, 2019. REUTERS/Carlo Allegri

BRUSSELS (Reuters) – Europe’s second-highest court on Wednesday backed an EU investigation into Nike (NYSE:)’s Dutch tax rulings, saying that EU competition enforcers had followed the rule book.

“The (European) Commission complied with the procedural rules, and neither failed to fulfil its obligation to state reasons nor made manifest errors of assessment,” the Luxembourg-based General Court said.

The U.S. sportswear maker had objected to the European Commission’s 2019 decision to investigate five tax rulings issued by Dutch authorities from 2006 to 2015 to the company.

The case is T-648/19 Nike European Operations Netherlands et Converse Netherlands v Commission.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


− 4 = 2