They just write it off, Jerry!
Paradachshund@lemmy.today 1 year 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 year ago
fine_sandy_bottom@lemmy.federate.cc 1 year ago
What you’re describing just isn’t compliant with tax law in any jurisdiction I’m aware of.
Paradachshund@lemmy.today 1 year 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 year 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 year 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 year ago
You’re right to be skeptical, just this particular grift isn’t as obvious as it seems.