Ingvar Kamprad Quotes
An optimised tax structure gives us the possibility of flexibility in using our assets that have already been taxed in one market. They can be used in new markets for further business development without the additional burden of double taxation.
Torekull, Bertil. Leading by Design: The IKEA Story. HarperBusiness, 1999.
Reacting to proposals to reduce the capital gains tax:
At the time Rangel was the Chairman of the House Ways & Means Committee which had jurisdiction over tax matters.
This is the basis for the difference between tax evasion which is illegal and tax avoidance which is legal—made so by this Supreme Court decision.
[If a business takes other investors in to finance its growth or expansion, there are no tax consequences with the equity investment. However, if the same business borrows money from a bank, the business can deduct the interest cost of the debt from their federal and usually state taxes. If an individual buys a house and takes a large mortgage, the owner can deduct the interest from his taxes. However, if she instead does the more prudent and safe thing and puts more cash equity and takes a smaller mortgage, she only gets a small tax deduction.]
Feodor Ingvar Kamprad was a Swedish billionaire business magnate best known for founding IKEA, a multinational retail company specialising in furniture. He lived in Switzerland from 1976 to 2014.