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Nike investigated by EU over Dutch tax affairs

By Wale Azeez, business reporter
Global sports giant Nike is being investigated by the European Commission over its tax arrangements in the Netherlands.
According to the commission, its in-depth investigation will examine whether tax rulings granted to Nike by the Netherlands gave the company an unfair advantage over competitors, in breach of the EU's state aid rules.
The probe relates to two of the US company's subsidiaries based in the Netherlands - Nike European Operations Netherlands BV and Converse Netherlands BV.
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