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>The point is, it's really not a "gift". They gave themselves a tax break, by "donating" some hardware that ensures them future business via services. It takes
by greygray 10y ago
>The point is, it's really not a "gift". They gave themselves a tax break, by "donating" some hardware that ensures them future business via services. It takes some hardcore groupthink to be convinced that it's otherwise.
Corporations are taxed on profit not revenue. A charity gift is treated as an expense, just as a holiday gift is or company issued laptops or shuttle rides or free food.
Source:
http://www.taxpolicycenter.org/briefing-book/how-does-corporate-income-tax-work http://www.taxpolicycenter.org/briefing-book/how-does-corpor...
You should probably do some research before you comment :\.