Nike loses Court spat over European Union's crackdown on tax affairs

Nike Inc. failed to topple a European Union decision to probe its tax affairs amid a crackdown on allegedly unfair fiscal deals for big companies.
 

The European Commission complied with procedural rules when it decided to scrutinize the sportswear giant, the EU’s General Court ruled on Wednesday, dismissing Nike’s appeal.
 

Margrethe Vestager, the EU’s competition commissioner, has used the bloc’s tough state-aid rules to attack special treatment doled out by member states to multinationals, including Apple Inc., Amazon.com Inc. and Starbucks Corp. She’s since suffered a couple of big setbacks. Both Amazon and Apple won their appeals to topple tax-payback