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I'm guessing it drives more profits

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[-] Paradachshund@lemmy.today 22 points 3 months ago* (last edited 3 months ago)

Edit: I've been corrected in the comments. Happy to be wrong about this so thanks to the correctors.

Charitable donations can be written off on the businesses taxes, so by having customers pay for the donations it means the company gets to double dip. They write it off and the customer reimburses them for it.

Moral of the story: don't donate to corporations. Give it directly to a charity.

What you're describing just isn't compliant with tax law in any jurisdiction I'm aware of.

[-] Paradachshund@lemmy.today 0 points 3 months ago* (last edited 3 months ago)

Can you explain it to me? I'm just repeating what I've been told and I'm not a financial person.

Edit: nvm, I just read the other responders links.

[-] SpaceNoodle@lemmy.world 1 points 3 months ago

They just write it off, Jerry!

this post was submitted on 16 Sep 2024
129 points (97.1% liked)

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