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Another massive multinational is being accused of dodgy tax practices. This time it is Nike, one of the most globally recognized fashion brands.

An exposé has been published by the Guardian, based on the Paradise Papers. In the article, Nike is accused of systematic and thoroughly planned tax maneuvers – “a story involving grey areas and loopholes, tax havens and zero tax rates, and the movement of money and royalties from one jurisdiction to the next”.

At a time when companies are under increasing pressure to pay their fair share of tax, this report is deeply revealing of just how far the issue of corporation tax reaches in the shifting of vast sums of money.

You can read more about the accusations here.

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