Is it true that the Ikea foundation randomly gives money as a charity donation?
2007-07-16 13:10:12 · 2 answers · asked by LeLe84 1 in Business & Finance ➔ Corporations
What emerges is an outfit that ingeniously exploits the quirks of different jurisdictions to create a charity, dedicated to a somewhat banal cause, that is not only the world's richest foundation, but is at the moment also one of its least generous. The overall set-up of IKEA minimises tax and disclosure, handsomely rewards the founding Kamprad family and makes IKEA immune to a takeover. And if that seems too good to be true, it is: these arrangements are extremely hard to undo. The benefits from all this ingenuity come at the price of a huge constraint on the successors to Ingvar Kamprad, the store's founder (pictured above), to do with IKEA as they see fit.
2007-07-18 08:27:00 · answer #1 · answered by Menehune 7 · 0⤊ 0⤋
contact nitron circle of experts
2007-07-19 14:18:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋