They just write it off, Jerry!
Paradachshund@lemmy.today 1 month ago
Charitable donations can be written off on the businesses taxes, so by having customers pay for the donations it means the company gets to double dip. They write it off and the customer reimburses them for it.
Moral of the story: don’t donate to corporations. Give it directly to a charity.
SpaceNoodle@lemmy.world 1 month ago
fine_sandy_bottom@lemmy.federate.cc 1 month ago
What you’re describing just isn’t compliant with tax law in any jurisdiction I’m aware of.
Paradachshund@lemmy.today 1 month ago
Can you explain it to me? I’m just repeating what I’ve been told and I’m not a financial person.
Southern_Yankee@lemmy.world 1 month ago
This isn’t completely true…
https://www.taxpolicycenter.org/taxvox/who-gets-tax-benefit-those-checkout-donations-0
https://www.usatoday.com/story/news/factcheck/2021/06/10/fact-check-false-claim-checkout-charities-offset-corporate-taxes/7622379002/
https://www.snopes.com/fact-check/walmart-checkout-charity/
Paradachshund@lemmy.today 1 month ago
I stand corrected! I’m glad to be wrong about this one. Hard not to be cynical these days and it’s easy to assume ulterior motlves.
fine_sandy_bottom@lemmy.federate.cc 1 month ago
You’re right to be skeptical, just this particular grift isn’t as obvious as it seems.