Ikea vows to fight ATO probe over claims it owes $171m

The West Australian01-05

Ikea has vowed to fight a probe by the Australian Taxation Office over claims the Swedish home furnishings giant owes $171 million in alleged unpaid taxes.In a statement following the lodgement of its...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2601009909?lang=en_US&edition=fundamental","thumbnail":"https://images.thewest.com.au/publication/C-21214172/97e697ba1799d45086f8b00e72c9a34f1aa306bb.jpg","is_english":true,"pubTime":"2026-01-05 08:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2601009909","market":"nz","top_or_hot":-1,"title":"Ikea vows to fight ATO probe over claims it owes $171m","media":"The West Australian","content":"<div>\n<p>Ikea has vowed to fight a probe by the Australian Taxation Office over claims the Swedish home furnishings giant owes $171 million in alleged unpaid taxes.In a statement following the lodgement of its...</p>\n\n<a href=\"https://thewest.com.au/business/retail/ikea-vows-to-fight-australian-taxation-office-probe-over-claims-it-owes-171m-c-21214172\">Source Link</a>\n\n</div>\n","source":"thewest_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ikea vows to fight ATO probe over claims it owes $171m</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIkea vows to fight ATO probe over claims it owes $171m\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-05 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/retail/ikea-vows-to-fight-australian-taxation-office-probe-over-claims-it-owes-171m-c-21214172><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ikea has vowed to fight a probe by the Australian Taxation Office over claims the Swedish home furnishings giant owes $171 million in alleged unpaid taxes.In a statement following the lodgement of its...</p>\n\n<a href=\"https://thewest.com.au/business/retail/ikea-vows-to-fight-australian-taxation-office-probe-over-claims-it-owes-171m-c-21214172\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://thewest.com.au/business/retail/ikea-vows-to-fight-australian-taxation-office-probe-over-claims-it-owes-171m-c-21214172","article_id":"2601009909","we_media_id":null,"thumbnails":["https://images.thewest.com.au/publication/C-21214172/97e697ba1799d45086f8b00e72c9a34f1aa306bb.jpg"],"rights":{"source":"thewest_stock","url":"https://thewest.com.au/business/retail/ikea-vows-to-fight-australian-taxation-office-probe-over-claims-it-owes-171m-c-21214172","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2601009909","pubTimestamp":1767571259,"columns":[],"sourceInfo":{"source_id":"thewest_stock","name":"The West Australian"},"weMediaInfo":null,"summary":"Ikea has vowed to fight a probe by the Australian Taxation Office over claims the Swedish home furnishings giant owes $171 million in alleged unpaid taxes.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数","ATO":"ATMOS能源公司","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","BK4197":"燃气公用事业","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC"},"translate_title":"宜家誓言对抗ATO对其欠款1.71亿美元的调查","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9,"ATO":1.5},"content_text":"Ikea has vowed to fight a probe by the Australian Taxation Office over claims the Swedish home furnishings giant owes $171 million in alleged unpaid taxes.In a statement following the lodgement of its accounts last week, which detailed the tax dispute, Ikea Australia said it strongly disagreed with the ATO’s audit over its financial performance.The ATO has served the company with position papers relating to an audit of the 2016 to 2020 income years, claiming Ikea owed about $171m from withholding royalty taxes.“We strongly disagree with the ATO’s current audit position and intend to dispute any tax-related liability that may arise,” Ikea Australia said in a statement on its website.“We do not consider it probable that tax is payable to any of the matters subject to audit and as such, no provision has been set aside to do so.”Bottomline hitCommentsPremiumIkea assembles sales boost but still books $69m lossCheyanne EncisoThe West Australian exclusiveThe West Australian exclusive‘Big potential’CommentsPremiumThe West Australian exclusiveIkea flags more Perth stores as Cannington outlet opensCheyanne EncisoIkea Australia — which has 10 stores, including Innaloo in suburban Perth — said it was committed to managing its global operations in a responsible way and “paying taxes in accordance with laws and regulations, wherever we are present”.Its income tax payments have come under scrutiny in recent years but Ikea Australia boss Mirja Viinanen told The West in 2024: “We are always paying the taxes as required.”The Australian business delivered a net profit $91.16m for the year to August, up from $51.3m in 2024. Revenue hit $1.765 billion, up from last year’s $1.725b.“The ATO is unable to comment due to our obligations under taxpayer confidentiality laws,” a spokeswoman for the tax office said on Monday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2601009909","isCrawlerRequest":true}