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Tax write offs do not work like you seem to imply. There is no net financial gain to any charitable donation . Consider a dollar of profit. If kept on the le
by brg 13y ago
Tax write offs do not work like you seem to imply. There is no net financial gain to any charitable donation . Consider a dollar of profit. If kept on the ledger as profit, a corporation pays around fifty cents of that dollar in tax. If donated that dollar of profit is not taxed, but the corporation now had lost a dollar instead of 50 cents.
- ivanca 13y agoSee through the cracks: The charity may be owned by a friend of the stockholders or managers. If the donation is reported by some media outlet it may as well recover the money; sometimes is mostly help their own agenda such as... - A real state company that helps an organization that seeks to prevent the construction of new buildings (because it destroys the forest/parks) but in reality they just want to keep the price of their own stock as high as possible. - A clothes company that support anti-fur organisations, only because the rival brand is the target of such protesters. - An alternate reality where Shell supports anti-Exxon campaigns done by Greenpeace.