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Image header Agence Europe
Europe Daily Bulletin No. 11685
ECONOMY - FINANCE - BUSINESS / Taxation

Group that owns high-street chain Zara under fire over tax practices

The Spanish group Inditex, which owns the high-street fashion chains Zara, Massimo Duti and Berschka, amongst others, has been accused by the Greens/EFA group at the European Parliament of practising aggressive tax optimisation, particularly in the Netherlands, Ireland and Switzerland.

The Netherlands, which also comes under fire in this process, is accused of having unduly collected its neighbours' tax revenues. In this way, Belgium is calculated to have missed out on €18 million in tax...

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