News for hackers. Stuff that matters.

A comment on CentOS Linux is ending because Red Hat refused to invest in it. Parent comment

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.

[ Parent | on HN ]
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-...

[ Parent | on HN ]
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.

[ Parent | on HN ]