They just write it off, Jerry!
Paradachshund@lemmy.today 2 months 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 2 months ago
fine_sandy_bottom@lemmy.federate.cc 2 months ago
What you’re describing just isn’t compliant with tax law in any jurisdiction I’m aware of.
Paradachshund@lemmy.today 2 months 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 2 months 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 2 months 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 2 months ago
You’re right to be skeptical, just this particular grift isn’t as obvious as it seems.