Ikea accused of dodging $1.1B in taxes

Ikea has been accused of dodging up to $1.1 billion in taxes 2009-14, according to a report by the Green party in the European Parliament.

The report claims Ikea deliberately shifted money from stores around Europe through a Netherlands subsidiary.

The taxes, according to the report, allegedly went unpaid when they ended up untaxed in Lichtenstein or Luxembourg.

"We pay our taxes in full compliance with national and international tax rules and regulations," Ikea officials said in a statement.

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