This week, Adidas’ headquarters in Germany were searched by authorities as part of a tax evasion probe involving €1.1 billion.
- The European Public Prosecutor’s Office is conducting a criminal investigation against a German sportswear group for suspected tax evasion.
- Adidas acknowledged the raids, confirming cooperation and document submission to the authorities.
- The investigation includes multiple locations and private residences due to alleged tax discrepancies.
- Adidas attributes the issue to differing interpretations of German and European tax laws.
This week saw authorities raiding Adidas’ headquarters in Germany, marking a significant development in an ongoing multi-year investigation into alleged tax evasion. The operation, involving criminal prosecutors and customs investigators, targets potential fiscal misconduct amounting to over €1.1 billion.
The European Public Prosecutor’s Office (EPPO) has confirmed its role in this criminal investigation focusing on a German corporate entity involved in the sportswear industry. Although the EPPO did not explicitly name Adidas, the company has publicly confirmed the occurrence of these searches and their active cooperation with the investigating bodies.
The investigation has extended beyond Adidas’ main office to include several business sites and private residences linked to employees. This broad reach underscores the seriousness of the claims regarding cumulative tax damage exceeding €1.1 billion.
Adidas has stated that, despite the scope of the investigation, it does not foresee any major financial repercussions affecting its operations. The company has been aware of these inquiries for several years, suggesting that the issues arise from varying interpretations of both German and European Union tax legislation.
Adidas remains engaged with customs authorities, supporting their efforts by providing necessary documents and information. This stance reflects the company’s commitment to resolving the matter through transparent cooperation, aiming to clarify the legal ambiguities at the heart of this investigation.
Adidas continues to address the tax investigation with full cooperation, focusing on resolving any legal ambiguities.
