wants to prove no tax dodging

IKEA to open books

Swedish furniture giant IKEA is promising "total transparency" in its financial dealings, to avoid suspicions that they are hiding money away in tax paradises, according to the tabloid Expressen.

The paper writes that founder Ingvar Kamprad's sons held a family meeting on Monday, where they decided to open the books. IKEA is run by a range of foundations, many of which are run by the Kamprad family.

Secrecy about the company's financial transactions and the complicated structure of the company and its foundations have led to speculation that the company is trying to avoid tax by placing money in tax havens around the globe.

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