On 10 January 2019, the European Commission announced that it has opened an in-depth investigation into the tax treatment of Nike in the Netherlands, including whether tax rulings granted to Nike have given the company an unfair advantage, in violation of State aid rules. The following is a summary of the investigation as provided by the Commission: The Commission's formal investigation concerns the tax treatment in the Netherlands of two Nike group companies based in the Netherlands, Nike European Operations Netherlands BV (“NEON”) and Converse Netherlands BV (“CN BV”). These two operating companies develop, market and record the sales of...