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IKEA's Founder Ingvar Kamprad's Frugal Ways Also Applied to the Company's

question 47

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IKEA's founder Ingvar Kamprad's frugal ways also applied to the company's finances.To minimize tax liabilities,he split the company into two parts: Inter Ikea owns the brand and the concept,while Ikea Group runs the retailing operations.


Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

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