IKEA is technically a charity??

[MikeyIs4Dcats]

http://www.mentalfloss.com/blogs/archives/14675

Wow....inteteresting.

Never been in one, as we don't have them around here, but they've always intigued me.

 

[fleabag]

Oh that's amusing!

 

[daw123]

Clever bastard.

 

[zainali]

yup. the main family get 3% of revenue going to some account in the caymans.

economist has a better article.

http://www.economist.com/Print...y.cfm?story_id=6919139

 

[alkemyst]

What's more interesting is that the article mentions how Forbes listings are a bit 'american' centric.

There are plenty of people in the world that dwarf Gates...they don't share their financials nor have too.

 

[FreshCrabLegs]

Originally posted by: alkemyst
There are plenty of people in the world that dwarf Gates...they don't share their financials nor have too.

Do you mean like the late Pablo Escobar?

 

[Aves]

Yeah, sort of.

 

[Vic]

Ingvar Kamprad is one of the greatest tax evaders of all time.

 

[DivideBYZero]

I was recently working in the IKEA HQ in Amhult. The owner lives in a tax exempt canton in Switzerland. Like others have said, clever ah heck...

The distribution centre there had bays for over 470 trucks at the same time...and seeing the original shop was cool.

 

[techs]

Nice. Now I can deduct the time spent putting together their furniture as a "charitable donation"

 

[imported_Devine]

sneaky sneaky..

 

[BoberFett]

Originally posted by: Vic
Ingvar Kamprad is one of the greatest tax evaders of all time.

Impossible, he's European. And as we all know there is no great divide between the haves and have nots in Europe. They're a socialist paradise.

 

[JDub02]

so can i deduct my furniture on my taxes?

 

[TheVrolok]

Originally posted by: BoberFett

Originally posted by: Vic
Ingvar Kamprad is one of the greatest tax evaders of all time.

Impossible, he's European. And as we all know there is no great divide between the haves and have nots in Europe. They're a socialist paradise.

Ha. Ingvar, that clever fellow!

 

[techs]

Originally posted by: JDub02
so can i deduct my furniture on my taxes?

Absolutely. As soon as yours, and mine, net worth hits a billion or so.

 

[Leros]

genius

 

[n7]

wow

 

[rockyct]

That is pretty interesting all of the loop holes they have.

 

[sdifox]

Damn clever fellow. Wouldn't work in Canada though. They check the percentage charities give out what they take in, if it is too low, you lose the charity status.