The EU Commission confirmed that it will investigate reported aggressive tax planning by furniture giant IKEA. This follows from a study commissioned by the Green/EFA group in the European Parliament, which purported that the Swedish group dodged EUR 1 billion in taxes in the period 2009-2014 through onshore tax planning structures in the Netherlands, Belgium and Luxembourg. The inquiry is likely to follow in the steps of the State Aid investigations launched by the Commission over the past year. In its reaction to the accusations, Ikea stressed that it manages its operations in a responsible and sustainable way and pays...