Tuesday, April 26, 2016

IKea-apple

(Good lord, just reading about Ikea, pays about 3.5% in tax, cuz its) Ikea sells $28 billion in furniture a year, making it the world's largest furniture company. But the retailer pays a slender tax rate of just 3.5%—about a billion dollars—rather than the 18% rate it should pay. How? Ikea is a nonprofit dedicated to furthering the advancement of architecture and interior design—a cause they give a pittance of $2 million or so to a year.-How is this possible?
http://www.fastcodesign.com/3035734/infographic-of-the-day/ikea-is-a-nonprofit-and-yes-thats-every-bit-as-fishy-as-it-sounds
Apple is the same pays about 2.5% in taxes.

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