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Ya, it's a joke at this point. Better they just kill the non-profit and stop pretending.
by didibus 3y ago
Ya, it's a joke at this point. Better they just kill the non-profit and stop pretending.
- krick 3y agoSurely they don't do it without a reason. And I don't know what the reason is, but I must assume it's some financial benefit (read, tax evasion), and not our opinion.
- crazydoggers 3y agoBut then they’d have to pay taxes, and all those corporations don’t get the juicy tax detections for “donating” to AI tech that will massively increase their profits.
- bmitc 3y agoWhy doesn't the government do it for them, fining them along the way?
- sanderjd 3y agoI have no idea how it will all play out, but I will be shocked if there is no government investigation coming out of all this.
- bmitc 3y agoYea, it seems really weird that he and others can just form a non-profit and then later have it own a for-profit with the full intention of turning everything into a for-profit enterprise. Seems like tax evasion and a few other violations of what a non-profit is supposed to be.
- sanderjd 3y agoYep, if this is an acceptable fact pattern, it seems to create a bunch of loopholes in the legal treatment of non-profits vs for-profits. I think the simpler conclusion is that it actually isn't an acceptable fact pattern, and we'll be seeing fines or other legal action.