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The taxpayers / government. If they have been abusing their NP status to avoid taxes, they should have to back pay those.
by verdverm 1y ago
The taxpayers / government. If they have been abusing their NP status to avoid taxes, they should have to back pay those.
- next_xibalba 1y agoSurely they have never turned a profit and are a long way from being profitable. If so, what taxes, current or back, would they owe?
- selectodude 1y agoThe money they received was tax deductible for the people who “donated it”. They money should have been taxed as income for either the earner or OpenAI.
- verdverm 1y agoI'd be curious if people were actually writing off their OpenAI bills as donations. That would be a big number for the enterprise deals, if they qualify as a donation
- the_duke 1y agoSurely the money coming in would otherwise have been investments exchanged for stock, which are not taxed until gains are realized.
- verdverm 1y agoIncome taxes are not the only tax non-profits are exempted from. Sales and property taxes are others, depending on jurisdiction, California being one such state. I am not familiar if OpenAI-NP has been exempted from these https://www.fplglaw.com/insights/california-nonprofit-law-essentials-part-4-state-tax-exemption/ https://www.fplglaw.com/insights/california-nonprofit-law-es...
- khazhoux 1y agoWhat taxes are they not paying? I am unable to find any concrete claim of specific tax avoidance. Only these exasperated “but taxes” comments.
- asadotzler 1y agoNon-profits are literally tax-exempt. OAI spent 10 years being tax-exempt in exchange for doing work that fully benefits the public. Now that work, 10 years of tax exempt work, is being handed over to a taxable outfit, a for-profit organization. If the result of 10 years of tax-exempt efforts get handed to a for-profit company, the taxes that were never paid should be because the public benefit that got them the tax benefit wasn't fulfilled, in fact it was stolen and handed to ultra-wealthy capitalists.
- oklahomasports 1y agoDo you think really think they were profitable during that time?
- khazhoux 1y agoWhat taxes did the non-profit skirt? All the sources I can find say that the revenue of ChatGPT was through the for-profit division, and that they’ve been paying taxes on all their revenue. Is there some other tax that they’ve avoided paying?