IKEA is a non-profit. Ingka Holding, a private, Dutch-registered company, is the parent for all IKEA companies (including 207 of the 235+ stores worldwide). Ingka Holding belongs to Stichting Ingka Foundation, a Dutch-registered, tax-exempt, non-profit-making legal entity. To put it simply, its complicated corporate structure allows the brand to make non-taxable profit and for Kamprad to maintain tight control over its operations. The retailer, which sells $28 billion in furniture per year, pays a slender tax rate of just 3.5 percent.
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