Believe it or Not… IKEA’s Parent Company is a Non-Profit Organisation
By Seedly • April 7, 2020
There’s no doubt about it Singaporeans love IKEA.
This picture was taken at the IKEA Singapore Alexandra branch on 5 April; two days before the “Circuit Breaker” measures put in place to contain the Coronavirus in Singapore kicked in.
Source: u/evillamer82 | RedditWith that kind of corporate loyalty, where people are willing to literally willing to risk their lives to visit IKEA Singapore, there’s little wonder that the company the largest furniture retailer in the world.
It may come as a surprise to you that up until 2010, IKEA’s was technically a charity. Yes, you read that right.
But before you submit your IKEA receipts to IRAS, it’s good to take some time to examine IKEA’s complex ownership structure, its history what has changed (or remained unchanged) since then.
TL;DR: IKEA’s Past as a Charity and How it Still Saves on Tax Every Year About...
