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There's also income tax paid by Ikea employees, which I guess is why the Swedish government has let Ikea get away with the rest of it.
by Zakharov 14y ago
There's also income tax paid by Ikea employees, which I guess is why the Swedish government has let Ikea get away with the rest of it.
- excuse-me 14y agoIkea isn't a swedish company it's dutch. ps this is exactly the same sort of scam (double Irish rather than dutch sandwich) used by Google/HP/MSFT/Dell and every other company operating in Europe
- objclxt 14y agoNo, it's not 'exactly the same sort of scam' - unless you're trying to tell me that Google, HP, and Microsoft all divert the bulk of their profits through non-profit charities to avoid tax. They divert their profits through holding companies, but these are for profit. Ikea don't do that. Setting up holding companies in EU to pay minimal tax is standard practice: creating a 'charitable organisation' absolutely isn't. Ikea is a very unique, and in some ways innovative, example of creative accounting.
- namdnay 14y agoEmployment and income taxes are paid in the country of employment (all Ikea designers etc are based in Sweden)