Ikea Group Pays Fair Taxes Worldwide, The Head Informed

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Ikea Group Pays Fair Taxes

Ikea Group head Jesper Brodin informed media that the company pays its fair share of tax around the world.

The flatpack furniture retailer Ikea Group which has over 360 stores has paid 25% tax last year, Mr Brodin informed. All this information is been delivered on the backdrop of an investigation started by EU tax officials opened into a separate part of Ikea.

As per the EU Tax officials, Inter Ikea, which controls the company’s brand rights is been given unfair tax advantages by the Netherlands.

Mr. Brodin denied the allegation and assured fair tax payments. At the World Economic Forum in Davos, he took a pledge to eliminate waste from its operations by 2020.

The company is trying different solutions in different countries. For example, In Japan, customers can sell their furniture back to Ikea to be resold; In Belgium customers can get their furniture repaired or donated to charity.

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