In Europe, the Green deputies have reported that Inditex, the world’s largest fashion retailer by sales (revenues of €16.4 billion in the 9 months to October 2016, up by 11%) set up “aggressive tax avoidance” schemes. Between 2011 and 2014, these would have helped Inditex reduce taxes by €585 million. According to the report, Inditex has used a complex system of internal transactions, including license fees and property rights, to report profits based in countries such as Ireland and the...
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