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How IKEA is structured to minimize tax and maximize control

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Re: How IKEA is structured to minimize tax and maximize control

#41

Earlier quoted context omitted.

You think Target and Walmart do not avoid high taxes through clever tricks?

"Wal-Mart paid 34 cents in taxes for every dollar of profit it made in the past three years." [ http://wgbhradio.org/News/Articles/2011/1/29/For_Many_Compan... ]

Still, profit is only what is left after the accountants did their job.

Re: How IKEA is structured to minimize tax and maximize control

#42

What's terrible about IKEA's whole tax avoidance scheme is that it gives an unfair advantage to IKEA over Target, Walmart, etc. who are all presumably paying expected amounts of corporate tax and additionally, by virtue of being public companies, provide a great amount of transparency versus IKEA. Another example of a business built in part on a tax loophole--Amazon.com and its online brethren whose customers general…

I don't completely get it - if they are a charity in the Netherlands, does it automatically exempt them from paying taxes all over the world?

Re: How IKEA is structured to minimize tax and maximize control

#43

Earlier quoted context omitted.

You think Target and Walmart do not avoid high taxes through clever tricks?

"Wal-Mart paid 34 cents in taxes for every dollar of profit it made in the past three years." [ http://wgbhradio.org/News/Articles/2011/1/29/For_Many_Compan... ]

[deleted]

Re: How IKEA is structured to minimize tax and maximize control

#44
post #32
post #16

Earlier quoted context omitted.

And the fact that this comment was modded up to eight "Waaaaah, your ideology makes me sick" is a sign that things have gone way off the rails. I'm gonna set my noprocrast to 87000 minutes now and come back in two months.

People's ideologies do make other people angry though. Which is why they should be aired on other sites.

IS that the fault of the minority who thinks different and then angers the majority?

Or is that he fault of the majority who is so sensitive it cannot tolerate a minority that doesn't agree absolutely completely?

Re: How IKEA is structured to minimize tax and maximize control

#45

What's terrible about IKEA's whole tax avoidance scheme is that it gives an unfair advantage to IKEA over Target, Walmart, etc. who are all presumably paying expected amounts of corporate tax and additionally, by virtue of being public companies, provide a great amount of transparency versus IKEA. Another example of a business built in part on a tax loophole--Amazon.com and its online brethren whose customers general…

If you keep a tight control on the number of shareholders you have there is no reason why you have to go public - of course the reporting standards are going to be lower for private companies, if you don't want that overhead don't go public!

Re: How IKEA is structured to minimize tax and maximize control

#46
post #4

Earlier quoted context omitted.

I generally enjoy reading hn but such right wing ideologies make me feel sick in the stomach. Please take into account when making such statements the US (or whereever you live) is not the world. And just because you got brainwashed after decades of conservative government doesn't mean the rest of the world is. But the rest of the world also participates in this community.

I'm an anarcho-capitalist i.e. I've never seen proof for objective morality of any sort (including democracy) hence I support free markets to make the rules of society by group selection and feet voting. Just as humanity doesn't need a forced state religion to be religious, humanity doesn't need a forced tax system to be social. Please consider this view point. Don't confuse personal ethics and political morality.

Sigh, I think it is a damn shame that you were put to -1 for attempting to clarify. I'm happy to get you to zero.

Personally, I prefer the term "Abolitionist" to "anarcho-capitalist." I'm an abolitionist because, just like the movement of old, I endorse the abolition of slavery. Governments consider people property (the US taxes worldwide income) and believes it owns the output of said property.

Re: How IKEA is structured to minimize tax and maximize control

#47
post #44
post #32

Earlier quoted context omitted.

People's ideologies do make other people angry though. Which is why they should be aired on other sites.

IS that the fault of the minority who thinks different and then angers the majority? Or is that he fault of the majority who is so sensitive it cannot tolerate a minority that doesn't agree absolutely completely?

I don't care - I just don't want to see these endless debates here. They are always the same and go 'round and 'round and nothing is ever accomplished other than pissing people off.

Re: How IKEA is structured to minimize tax and maximize control

#48
post #42

What's terrible about IKEA's whole tax avoidance scheme is that it gives an unfair advantage to IKEA over Target, Walmart, etc. who are all presumably paying expected amounts of corporate tax and additionally, by virtue of being public companies, provide a great amount of transparency versus IKEA. Another example of a business built in part on a tax loophole--Amazon.com and its online brethren whose customers general…

I don't completely get it - if they are a charity in the Netherlands, does it automatically exempt them from paying taxes all over the world?

I suppose the Netherlands have double-taxation agreements with many places in the world, see https://secure.wikimedia.org/wikipedia/en/wiki/Double_taxati...

Re: How IKEA is structured to minimize tax and maximize control

#49
post #4

Love it. Makes my furniture cheaper. The only thing unethical about it is that these tax avoidance schemes have inherit economies of scale - startups can't afford the advice. The solution is not to eliminate the tax paradises (which would cause a revolution btw), but to eliminate the tax code altogether. If your ideology insists on coercion than at least make it a flat rate. Edit: I get accused of supporting corporat…

I generally enjoy reading hn but such right wing ideologies make me feel sick in the stomach. Please take into account when making such statements the US (or whereever you live) is not the world. And just because you got brainwashed after decades of conservative government doesn't mean the rest of the world is. But the rest of the world also participates in this community.

I'm really saddened to see that so many people have come to believe that thinking differently is wrong and should be suppressed. That coercion and violence against the innocent is the norm and that people who think that we should live free from violence and coercion are "right wing" and "brainwashed".

To tell him not to participate here because he thinks differently than you is to say that your mind is not open to new ideas and that you cannot bear to be exposed to anything that comes from a different philosophical basis than the one upon which you were raised.

Can you see how that is anti-intellectual?

Re: How IKEA is structured to minimize tax and maximize control

#50
post #46

Earlier quoted context omitted.

I'm an anarcho-capitalist i.e. I've never seen proof for objective morality of any sort (including democracy) hence I support free markets to make the rules of society by group selection and feet voting. Just as humanity doesn't need a forced state religion to be religious, humanity doesn't need a forced tax system to be social. Please consider this view point. Don't confuse personal ethics and political morality.

Sigh, I think it is a damn shame that you were put to -1 for attempting to clarify. I'm happy to get you to zero. Personally, I prefer the term "Abolitionist" to "anarcho-capitalist." I'm an abolitionist because, just like the movement of old, I endorse the abolition of slavery. Governments consider people property (the US taxes worldwide income) and believes it owns the output of said property.

Thanks. Abolitionist is also a good word indeed. Another one might be political atheism.

The downvotes are OK though. People feel very strongly about certain ideas for society and mistake freedom for critique on the idea instead of just on the method (coercion).

For some reason parts of the world got over religious coercion. One day we'll hopefully have the same for ideological coercion.

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