top of page
All Articles


IKEA to Challenge ATO Over Alleged A$171 Million Tax Liability in Australia
IKEA has vowed to fight back against an Australian Taxation Office audit claiming the Swedish furniture company owes approximately A$171 million ($115 million) in unpaid taxes, saying it “strongly disagrees with its position.” The ATO believes that IKEA has shifted money offshore through disputed transfer pricing and royalty arrangements. IKEA’s Australian business is reportedly structured in a way that reduces taxable income in Australia by paying franchise fees, licence fee
1 day ago2 min read
bottom of page
