BuzzFeed put up another one of their awesome top 100000 lists. But this one is the secretly 'sponsored' one from a company, this company is IKEA
Flickr: yasuhirotao / Via Creative Commons
BuzzFeed put up another one of their awesome top 100000 lists. But this one is the secretly ‘sponsored’ one from a company, this company is IKEA. Which everyone loves, but did you know that they are one of the worlds biggest charities?
They pay no taxes.
The charity’s stated goal is “to promote and support innovation in the field of architectural and interior design,”.
In 2004, the company pulled in a 1.4 billion euro profit, but since it’s owned by a tax-exempt charity, it didn’t pay a dime. Moreover, the Byzantine structure of for-profit holding companies nestled within non-profit charities effectively safeguards Kamprad from any sort of outside takeover bids for his housewares behemoth.
http://mentalfloss.com/article/18575/ikea-worlds-largest-charity
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