6 ms·
IKEA is a opaque web of companies and foundations that own each other. Mostly not german.
by 1ris 9y ago
IKEA is a opaque web of companies and foundations that own each other. Mostly not german.
- gitgud 9y agoI was under the impression that IKEA began as a Swedish company, right? Why would they be owned by Germany?
- ghostbrainalpha 9y agoHe was referencing the grand-parent comment, that stated companies in Germany could own other companies. His point was that companies can do this anywhere, not just Germany.
- gitgud 9y agoAhh ok, that makes sense now
- chris_va 9y agoNot German, though IKEA has a particularly complex corporate structure: https://en.wikipedia.org/wiki/IKEA#Corporate_structure https://en.wikipedia.org/wiki/IKEA#Corporate_structure ... which apparently funnels into trusts in Caribbean countries that are not required to disclose beneficiaries. Basically, it sounds like tax evasion at a grand scale.
- volgo 9y agoYou mean tax avoidance - structuring your finances to pay less taxes. Tax evasion is illegal under-reporting of your income, which I highly doubt Ikea does
- deleted 9y ago[deleted]
- chris_va 9y agoPoint taken, but I meant evasion. What looks like mis-use of a non-profit entity, combined with funneling money into a black hole trust through "trademark licensing" has the appearance of evasion, at least to me.