Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Taaks Avoyd: IKEA’s flat pack tax avoidance schemes

Paul Hodgson | January 9, 2017

We all know how simple IKEA’s instructions for constructing its flat pack furniture are. At the other end of the scale of simplicity, in fact, at the level of preposterously complex, is IKEA’s corporate structure. Founder Ingvar Kamprad has published claims that the company is open about its structure, and has published what he says is the full extent of the web of ownership. However, a report from earlier this year by the Greens/EFA party in the EU shows that his picture of the corporation’s structure does not even come close to the actual web.

One of the conclusions of the report, IKEA: flat pack tax avoidance, Taaks Avoyd, was to ask the EC to open an investigation into IKEA’s tax practices. Importantly, the report does not claim that IKEA is breaking the law. In contrast, it is complying with regulations, but, the report claims, current EU tax...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.