© Reuters. FILE PHOTO: The Nike Swoosh logo is seen outside the store on 5th Avenue in New York, New York, the United States, March 19, 2019. REUTERS / Carlo Allegri
BRUSSELS (Reuters) – Europe's second highest court backed an EU investigation against on Wednesday Nike (NYSE 🙂 the Dutch tax rulings stating that the EU competition authorities had followed the rules.
"The (European) Commission has complied with the procedural rules and has neither breached its obligation to state reasons nor made any obvious errors of assessment," said the Luxembourg court.
The US sportswear manufacturer had appealed against the European Commission's decision in 2019 to investigate five tax rulings issued by the Dutch authorities to the company between 2006 and 2015.
The case is T-648/19 Nike European Operations Netherlands and Converse Netherlands v Commission.
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