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Not German, though IKEA has a particularly complex corporate structure: https://en.wikipedia.org/wiki/IKEA#Corporate_structure https://en.wikipedia.org/wiki/IKE
by chris_va 9y ago
Not 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.