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They are only avoiding some california taxes as well, at least according to the wiki page. This is nowhere near as bad as IKEA, which is the largest charitable
by megablast 16y ago
They are only avoiding some california taxes as well, at least according to the wiki page.
This is nowhere near as bad as IKEA, which is the largest charitable organisation in the world, pulling in billions of dollars a year, and paying out a million to help design new furniture.
- dcurtis 16y agoIkea is so good at not paying taxes that I would say the whole company is a tax evasion hack. The number of subsidiaries in random countries and crazy charities that make up the company is astounding. See: http://en.wikipedia.org/wiki/IKEA#Corporate_structure http://en.wikipedia.org/wiki/IKEA#Corporate_structure
- smallblacksun 16y agoSounds like a money-laundering setup, honestly.