Quote:
Originally Posted by Bladewire
Trying to break even isn't greed, it's survival.
As much as you want America to be a socialist country, corporations are in business to make a profit so they can pay employees and survive as an entity.
Under Trump & his Trump tarrif taxes America has ceased being the land of profitability for most corporations. The economists say the recession starts this year or Q1 of 2020.
|
Break even.
IKEA management has always gone a lengthy distance to pay minimum tax.
IKEA’s Founder Paid Tax for the First Time in 42 Years
Quote:
|
In 2015, after returning from a 40 years-long Swiss tax exile, IKEA’s founder and the 11th richest person in the world, Ingvar Kamprad, paid Swedish tax for the first time. In 2014, Kamprad declared income of €1.9 million in Sweden. As a result, he was subject to Swedish personal income tax amounting to €640.000.
|
https://www.nomoretax.eu/ikeas-found...e-in-42-years/
How IKEA Billionaire Legally Avoided Taxes From 1973 Until 2015
Quote:
|
89-year old IKEA founder Ingvar Kamprad is said to be the eighth wealthiest person in the world, with an estimated net worth of $43.2 billion. He was in favor of everything Swedish except taxes. So he spent more than 40 years paying as little as possible, both individually and for his company.
|
https://www.forbes.com/sites/robertw...73-until-2015/