EU: Nike in EC crosshairs over taxes

EU: Nike in EC crosshairs over taxes

The European Commission has opened an in-depth investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the US sportswear maker an illegal advantage, reported the Financial Times. The Nike investigation, announced on Thursday, January 10, follows other probes by the EU executive into tax schemes in Belgium, Gibraltar, […]

EU: Nike, Sanrio, Universal Studios face probe over online sales

EU: Nike, Sanrio, Universal Studios face probe over online sales

EU antitrust regulators will investigate whether Nike, Comcast’s Universal Studios and Hello Kitty owner Sanrio illegally block some cross-border sales or ban certain online retailers from selling their products. The European Commission announced the investigations on Wednesday but did not provide details of the sales practices. “Nike is aware of the European Commission’s investigation and […]