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|User Info||Whah Whah Whah; entered at 2018-01-10 13:40:00|
Registered: 2012-04-19 South of Canada
So they think they're a "charity."|
It Is Technically A Charity. If Nazism wasnt bad enough, IKEA is also has one of the most elaborate tax evasion schemes of any company that still manages to operate within the law. IKEA is owned by INGKA Holding B.V., a Dutch corporation that is controlled by a non-profit Dutch foundation known as the Stichting Ingka Foundation, which was founded by Kamprad in 1982. This Foundation is headed by a five-person committee that includes Kamprad, his wife, and his attorney. IKEAs intellectual property is owned by Inter IKEA Systems, which is owned, indirectly, by the Inerogo Foundation, which is also controlled by Kamprad and his family. IKEA has to pay 3% of its profits to the foundation to license its own trademarks. Because IKEA is owned by charities, none of its profits are taxed, making the Ingka Foundation the largest charity in the world, with a net worth of $36 billion. Of course, the charity isnt nearly as generous as most (being as how its mostly just a tax evasion strategy), so it only gave away $65 million in 2010. To put that in perspective, the Bill and Melinda Gates Foundation has a net worth of $33 billion and they give away around $1.5 billion per year.
Now I'm sure the sheeple think that's probably great. Just like how in my residence state they made it so health insurers have to be non-profit. The simpletons say that's great because it means they aren't ripping them off. Meanwhile the C-level of that non-profit walks always with million dollar bonuses and graft just like the rest of the scam that is healthcare.
Most eye opening business experience I had was renting office space a non-profit charity that was sub-letting. The absolute most inefficient workers I've ever encountered....and I have been a card carrying Teamster in my past...at least we worked when not on strike.