I'm pretty confident there's a lot of charities / nonprofits set up as a money laundering and tax dodging scheme.
I mean one of the richest families in NL have their money in a bank that is part of a charity.
I mean one of the richest families in NL have their money in a bank that is part of a charity.
https://www.fastcompany.com/3035734/ikea-is-a-nonprofit-and-...
Essentially, Ikea is profitable because it utilizes a tax-avoidance strategy involving the use of a non-profit and so your comment is in my opinion basically true and they are "cheating" a bit. A pretty slick cheat, though.
Also, thank you for shining a light on this as I was ignorant of the whole thing.