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Top related persons:
Mike Blake - 1 Margrethe Vestager's - 1 Apple - 1 Apple's - 1 Giovanni Pitruzzella - 1 CJEU - 1 Pitruzzella - 1 Michael McGrath - 1
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La Jolla , California U.S Rights LUXEMBOURG Ireland Belgian Luxembourg
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Search resuls for: "Inter IKEA's"


2 mentions found


☆ Apple suffers setback in fight against EU's $14 billion tax order
  + stars: | 2023-11-09 | by ( Foo Yun Chee Bart H. Meijer | Foo Yun Chee | Bart H. Meijer | ) www.reuters.com   time to read: +4 min
The European Commission in its 2016 decision said Apple benefited from two Irish tax rulings for more than two decades that artificially reduced its tax burden to as low as 0.005% in 2014. "The judgment of the General Court on 'tax rulings' adopted by Ireland in relation to Apple should be set aside," he said in a non-binding opinion. "It is therefore necessary for the General Court to carry out a new assessment," Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a 700-million-euro Belgian tax scheme for 55 multinationals. Vestager is currently investigating IKEA brand owner Inter IKEA's Dutch tax arrangement in a case dating from 2017, Nike's (NKE.N) Dutch tax rulings and Finnish food and drink packaging company Huhtamaki's (HUH1V.HE) tax rulings granted by Luxembourg.
Persons: Mike Blake, Margrethe Vestager's, Apple, Apple's, Giovanni Pitruzzella, CJEU, Pitruzzella, Michael McGrath, Court’s, Vestager, Stellantis Organizations: REUTERS, Rights, EU, Apple, European Commission, of Justice, Justice, Court, Ireland, Dublin, Starbucks, IKEA, Inter IKEA's, Thomson Locations: La Jolla , California, U.S, Rights LUXEMBOURG, Ireland, Belgian, Luxembourg
☆ IKEA taps Baltics, others for more wood supplies after shunning Russia
  + stars: | 2023-01-26 | by ( Anna Ringstrom Marie Mannes | Anna Ringstrom | Marie Mannes | ) www.reuters.com   time to read: +3 min
"We have managed to replace those (Russia and Belarus) volumes in other countries on a very hot wood market," Ulf Johansson, Global Wood Supply and Forestry Manager at brand owner Inter IKEA, told Reuters. Russia and Belarus were IKEA's fifth and sixth biggest wood suppliers before the war, accounting for 6% and 5% respectively of its supplies, the company's website said. Poland, followed by Lithuania and Sweden were the three biggest suppliers in the 12 months through August 2022. IKEA stores in Russia have been closed since March, while IKEA owned shopping malls remain open. IKEA has in recent years been buying and managing forests in a number of countries through its investment vehicle IKEA Investments, from which it might use wood and wood products in the future.
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