Accounting, IKEA style
Here's an interesting piece of financial sleuthing about the "tax-efficient" setup of privately held IKEA:Lebst Du schon - oder schraubst Du noch?
posted by Chris | 7/09/2006 10:35:00 PM
2 Comments:
I read that article. The accounting creativity involved is absolutely amazing!
Isn't it. One wonders though whether this sorcerer's stone doesn't have any unpleasant side-effects. One of the most obvious ones would be structural rigidity, I assume, with a very limited access to capital markets. But as long as the business goes as it does, that's probably not so much of an issue.
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