Friday, November 10, 2006

IKEA is a non-profit?

In yesterday's quick rogues' gallery I forgot to mention what is in dollar terms probably the largest non-profit scam in history: the fact that IKEA, the giant Scandinavian retailer, is wholly owned by a charitable foundation so as to evade taxes on its profits.

The Economist detailed this arrangement in its May 11, 2006 issue. "The parent for all IKEA companies—the operator of 207 of the 235 worldwide IKEA stores—is Ingka Holding, a private Dutch-registered company. Ingka Holding, in turn, belongs entirely to the Stichting Ingka Foundation. This is a Dutch-registered, tax-exempt, non-profit-making legal entity, which was given the shares of (IKEA founder) Ingvar Kamprad in 1982." Depending on who's doing the math, that foundation is on paper arguably the largest in the world, even bigger than the Gates Foundation's $30 billion in assets. The declared mission is to promote “innovation in the field of architectural and interior design” and “for investing long-term in order to build a reserve for securing the IKEA group, in case of any future capital requirements.”

A five-person executive committee, chaired by Kamprad, runs the foundation. "This committee appoints the boards of Ingka Holding, approves any changes to the company's statutes, and has pre-emption rights on new share issues. Mr Kamprad's wife and a Swiss lawyer have also been members of this committee..."

That sort of thing was once common in the U.S., albeit never at such a size, but was first addressed by a 1950s federal law and today couldn't be done at all because of the 1969 Tax Reform Act. But "Dutch foundations are very loosely regulated and are subject to little or no third-party oversight. They are not, for instance, legally obliged to publish their accounts [annual financials]." There is no minimum grantmaking requirement as U.S. foundations operate under, so despite receiving at least a half-billion dollars per year in IKEA dividends the foundation doesn't appear to be issuing more than a couple of million per year in grants, The Economist found. Something to think about the next time you're scoring one of those nifty $9.99 table lamps....


Adi said...

Find Internet Marketing resource hare Online Marketing Strategy Internet Marketing Tools Online Marketing Campaign Online Marketing Business Online Marketing System Online Business Online Home Business Online Business Tips Internet Marketing Online Online Marketing Affiliate Marketing Online Marketing Success Selling Online Free Online Marketing Online Marketing Tools Online Marketing Blog

Adi said...

Oes Tsetnoc one of the ways in which we can learn seo besides Mengembalikan Jati Diri Bangsa. By participating in the Oes Tsetnoc or Mengembalikan Jati Diri Bangsa we can improve our seo skills. To find more information about Oest Tsetnoc please visit my Oes Tsetnoc pages. And to find more information about Mengembalikan Jati Diri Bangsa please visit my Mengembalikan Jati Diri Bangsa pages. Thank you So much.
Oes Tsetnoc | Semangat Mengembalikan Jati Diri Bangsa

Anonymous said...

Actually,good post. thx

Anonymous said...

keep quoting these dead white guys for a reason. We seem to be repeating some particularly nasty history, right now.

Andi Steward said...

There are a lot of great tips in here. Many of these will have to be put in place in the near future... social media marketing

rscredits said...

Haha, sunny day again! You know iam more excited when reading your articles here, you really made my day. What's more, you just tell the point of this question and it is informative enough now, thanks again for sharing here. runescape gold for sale , runescape gold

Love polo said...

Best Place to Buy Diablo 3 Gold with Prepaid Card
Nowadays, various payment methods were accepted by d3 gold suppliers. You must want a best place to buy diablo 3 gold in a safe, fast and simple way. Here, diablohome introduce prepaid card to you. Following are some details.
Buy Diablo 3 Gold with Prepaid Card
Diablo home accept prepaid card payment, such as MasterCard, VISA and Paysafecard, etc. They are safe and convenient, just take a look at the most important advantages of prepaid cards.
1. Prepaid cards can be applied online instantly.
Prepaid cards use the deposited money, there are no repayments to be made and thus no late payment fees and other associated penalties.
2. Prepaid cards are widely accepted.
They can be used on the internet, on phone and all other vends.
3. Adding money to your prepaid card account is a breeze using direct deposit.
tags: buy diablo 3 gold diablo gold buy diablo gold

Popular shoes said...

They are all beautiful and fashionable i have to say, and my friends told me they are of good quality as well. I have not see post good enough like yours here.
More tags:
wow gold for cheap

world of warcraft money

gold for wow cheap
cheap gold for wow

cheapest gold for wow
world of warcraft sale

wow gold cheap buy

Anonymous said...

Foundation's $30 billion in assets. The declared mission is to promote “innovation in the field of architectural and interior design” and “for investing long-term in order to build a reserve for securing the IKEA group, in case of any future capital requirements.”guild wars 2 gold
buy guild wars 2 gold
cheap guild wars 2 gold
cheapest guild wars 2 gold
guild wars 2 gold for sale

Anonymous said...

one of the ways in which we can learn seo besides Mengembalikan Jati Diri Bangsa. By participating in the Oes Tsetnoc or Mengembalikan Jati Diri Bangsa we can improve our seo skillsswtor gold
buy swtor gold
cheap swtor gold
tor credits
buy tor credits
cheap tor credits

Anonymous said...

I am regular reader, how are you everybody? This paragraph posted
at this site is really nice.

Take a look at my web page; Spazio Kovan

Anonymous said...

This is my first time pay a visit at here and i am really happy to read everthing at alone place.

My web site ... diets that work fast for women

Anonymous said...

geotorelxzp debt consolidation
pay loans

Anonymous said...

What's up colleagues, its impressive post about educationand completely defined, keep it up all the time.

my weblog: xerox 8560mfp Ink

Anonymous said...

The best promotion sites will give you an inventory of all of the main retailers and explain to you where you can find the most effective discount coupons to complement their each week offers. You require to pay attention to these and never forget about your sequence pharmacies that also have great promotion offers. Abundant and vibrant turquoise is among the most favored gemstones offered. It is among the most favored gemstones for the calendar month of Dec and is frequently considered to bring feelings of love, have a great time, and contentment. This kind of gemstone is also the standard gifting stone to observe the eleventh wedding ceremony wedding anniversary. Deciding on the best educational institutions could affect your individual financing. One of the most price efficient ways to have a renowned diploma or qualification is by participating in less expensive schools for element of your education, and switch over to some higher priced or better-positioned university for the remainder. Your credits will merge from the previous college and you will probably nonetheless gain the graduating benefits from the newest university. One particular low-cost as well as simple technique to prevent fine lines and wrinkles from creating close to your vision is to apply a ample level of Vaseline or petroleum jelly throughout the eye region. When you have long hair, make sure you move it rear with a ponytail holder or headband to avoid it from acquiring captured from the jelly. It is important to believe like a expert in commercial real-estate. With the knowledge that commercial real estate property generates a bigger income with multiple-homes is crucial. For example: hiring a one house property does attract enough income, but renting out a huge intricate of qualities for example. condominiums, produces a lot more. Make sure that you comprehend just what a payday advance is before taking one out. These financial loans are normally awarded by organizations that are not banking institutions they offer modest amounts of capital and require very little forms. The lending options are found to the majority individuals, even though they typically need to be repaid inside two weeks.

Anonymous said...

Sometimes seasons reasons some shoes may by any means be[url=]Nike Air Max[/url]
little while resolution not have the aptitude to[url=]Toms Shoes Canada[/url]
use such shoes found .[url=]Nike Canada[/url]
becomingly village them reversed[url=]Christian Louboutin Outlet[/url]
pure commit to avoid supererogatory damage of shoes[url=]Louis Vuitton Outlet[/url]

In cause your insole can be so poor, it need to use a subdued engagement and salt water gently scrub. Ought to acclaimed that, steer clear of using chemical cleaning agents cleaning, or maybe they root the insole ostensibly of the priesthood off.[url=]Prada Sale[/url]

Anonymous said...

Τhеre's always a new problem waiting to be solved as soon as you'vе sοrteԁ οne.
Neveг done eh.

Feеl fгeе to visit my ρаgе
- long term unsecured loans

Anonymous said...

want ensemble can gym useful pink ghd ensure some are also ray ban sunglasses the your from toms outlet with about enough months, for intend at business christian louboutin cheap of for and Pear-shaped Copper

Anonymous said...

Off seasons reasons some shoes puissance[url=]Nike UK[/url]
in do not prerequisite assist you to[url=]Toms Shoes Canada[/url]
use such shoes we should[url=]Nike Shoes Canada[/url]
rightly placed both of them included in the[url=]Christian Louboutin Shoes[/url]
true supply edict to circumvent supererogatory expense of shoes[url=][/url]

But if the insole is definitely bad, it prerequisite to appropriate a soft brush and splash gently scrub. Have to be distinguished that, refrain from chemical cleaning agents cleaning, or individuals force the insole the top of fabric off.[url=][/url]

Anonymous said...

I am an enormous fan of Etsy and that i love handmade jewelry!
These studs are gorgeous! I'm Commonly a chandelier/eardrop type of gal, insurance plan my daughter has become who are old enough to seize at my earrings, Concerning discovered studs are definitely the way to go

my blog ,jewellery discount uk

Anonymous said...

I adore film along with the earrings! Please keep them coming.
I enjoy see how other people create the things they do...very inspiring!

Stop by my weblog ... ,cheap stud earring sets

Anonymous said...

Today's challenge - University to....get some done....

My page: secured loans for bad credit

Anonymous said...

I аm wonderіng what аgе you begin to become ωіѕer аnd dіsregаrd аll this rubbiѕh.

Mу blog :: quick secured loans

Anonymous said...

they are all very cool! love the calamri shape!

Stop by my homepage - ,jewellery discount store

Anonymous said...

sir, please send me the video.

Visit my web page :: xerox phaser 8560dn

Anonymous said...

Pls for your kindness send me the video idea of making
pcb with hp printer.

Also visit my web site xerox phaser 8560N

Anonymous said...

HP laser airplane printing software application I need it.

Look into my blog post: xerox phaser 8560 ink

Anonymous said...

Many a times you can get a new automobile, get tired of it a year or 2 and finally market it at a far lower price when compared with they had in the beginning paid for it instant cash. Most businesses will require resistant that you have also been employed for not less than ninety days with the same work, and that a person's bring home pay out is at the very least one thousand dollars ($1,000) each month

The beginning of the past quarter discovered banks go with another rounded of pace increases Therefore, the loan solely depends on your wages and your credit ranking 宝贝价格

Anonymous said...

I do agree with all of the ideas you've presented to your post. They are really convincing and can certainly work. Nonetheless, the posts are very quick for novices. Could you please prolong them a bit from subsequent time? Thank you for the post.

Feel free to visit my homepage LG 42LS5600 Review ()

Anonymous said...

hey there and thank you for your info – I have definitely picked up anything new from right here.

I did however expertise some technical points using this web site, since I experienced to reload the website
many times previous to I could get it to load
correctly. I had been wondering if your web hosting is OK?
Not that I am complaining, but sluggish loading instances times will sometimes affect
your placement in google and could damage your high quality score if ads and marketing with Adwords.
Anyway I am adding this RSS to my email and can look out for
a lot more of your respective intriguing content. Make sure you update
this again very soon.

Also visit my weblog :: cheap vps reseller hosting

Anonymous said...

I’m not that much of a online reader to be honest
but your sites really nice, keep it up! I'll go ahead and bookmark your site to come back later on. Cheers

my webpage - comments

Anonymous said...

Greetings from Idaho! I'm bored at work so I decided to browse your blog on my iphone during lunch break. I enjoy the info you provide here and can't wait
to take a look when I get home. I'm shocked at how fast your blog loaded on my phone .. I'm not even using WIFI, just 3G .

. Anyways, amazing site!

Also visit my web page - binary options

Anonymous said...

Hello there, You have done an incredible job. I will certainly digg it and personally suggest
to my friends. I'm sure they will be benefited from this site.

Here is my site :: hairstyling tools

Anonymous said...

though that deserved more deeper focus and I'll take care of them in different post: 3D printing, and mobile application.

Also visit my weblog :: xerox phaser 8560 ink ()

Anonymous said...

Well thats the first time ive heared that there is a reset button on your cartridge, you might save money by merely utilizing
this suggestion, does this mean i can fill
up the cartridge myself and press the remainder button and my
printer will certainly approve that the cartridge is complete.

Feel free to visit my web site: xerox phaser 8560 color printer

shoes online said...

There are many kinds of products in Our store, and we have MBT shoes such as shoes online,scarpe mbt. Converse with leisure cloth shoes such as all star converse,converses all star,
all star converse. With burberry, all kinds of products such as burberry uk.There we go out and play casual hat such as cappelli new era, cap new era.Welcome to our shop the choose and buy.

Anonymous said...

This website was... how do I say it? Relevant!!
Finally I've found something which helped me. Appreciate it!|

Look into my web blog ... program do rozliczania pit 2013

Josi Bunder said...

Best web hosting companies. Reviews, rates, statistics of top hosting companies.
Find best hosting company at

Learn mandarin Chinese said...

The best place to learn Chinese language is in China. However, we understand that it isn't always possible to move here to study Chinese language. The next best thing is to study with our experienced teachers in a virtual classroom. Online students enjoy the same excellent way of Chinese language class and custom designed courseware that we provide for our face to face clients.

cheap rs 2007 gold said...

There's practically nothing like rs gold when it comes to the attractiveness and value of the precious metal. This informative article has discussed some crucial factors that you just ought to bear in mind of if you want to have into rs gold trading. Your discovering shouldn't cease here. Preserve educating yourself on this market place, so you maximize your investment return.