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From your own link: > This is where you round up your bill to give to a charity designated by the retailer, and the donation amount appears on your receipt. Th
by luhn 4y ago
From your own link:
> This is where you round up your bill to give to a charity designated by the retailer, and the donation amount appears on your receipt. The store serves only as a collection agent for your gift. Assuming the business is following the law, it will not include your donation as part of its business receipts, or income, nor will it claim the charitable gift as an expense.
- projektfu 4y agoYes… that is the rule as we understand it. I don’t know what is actually happening behind the scenes. Do you have the details of how this is handled in a specific company? After all, the rules said that Enron can’t hide liabilities in special purpose vehicles just to make their profits look larger. And yet, they got away for a long time not following the rule, despite being audited by a big 5 firm. This CVS thing suggests that companies may be doing something other than putting the money into a liability account and then handing that off as a donation “from their customers”. What else might be possible?