Re:CentOS Linux is ending because Red Hat refused to invest ...
by Cthulhu_ on Tuesday January 26, 2021 @09:50AM
(#25916316)
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.
Re:CentOS Linux is ending because Red Hat refused to invest ...
by briffle on Tuesday January 26, 2021 @10:23AM
(#25916775)
Ikea is officially a non-profit, and pays a tax rate of 3.5% because of it
https://www.fastcompany.com/3035734/ikea-is-a-nonprofit-and-...
Re:CentOS Linux is ending because Red Hat refused to invest ...
by kyuudou on Tuesday January 26, 2021 @12:25PM
(#25918582)
Technically, Ikea is a Swedish multinational conglomerate whose retail locations are partly associated with a Dutch non-profit "Stichting_INGKA_Foundation" founded by Ikea's founder.
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.
Not even sure about those. Quite a lot of charities and non-profits set up to fix a problem end up perpetuating it because it is a nice comfortable job.