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Ikea is officially a non-profit, and pays a tax rate of 3.5% because of it https://www.fastcompany.com/3035734/ikea-is-a-nonprofit-and-yes-thats-every-bit-as-f

• kyuudou 6y ago
  Technically, Ikea is a Swedish multinational conglomerate whose retail locations are partly associated with a Dutch non-profit "Stichting_INGKA_Foundation" founded by Ikea's founder. Essentially, Ikea is profitable because it utilizes a tax-avoidance strategy involving the use of a non-profit and so your comment is in my opinion basically true and they are "cheating" a bit. A pretty slick cheat, though. Also, thank you for shining a light on this as I was ignorant of the whole thing.