Comment on THIS always annoys me.
surewhynotlem@lemmy.world 1 day agoThis isn’t correct.
If they get an extra million in these donations, they can deduct that extra million. It’s a net zero improvement. It does not help them at all financially.
But it’s free good will and they can advertise that THEY donated a bunch. It’s just to make them look good.
entwine413@lemm.ee 1 day ago
They can’t actually deduct a penny from it.
surewhynotlem@lemmy.world 1 day ago
They can claim it’s not income and they’re simply passing the money through. They don’t pay taxes on it.
entwine413@lemm.ee 1 day ago
Because it’s not income and they’re just passing the money through. Why would they pay taxes on it?
surewhynotlem@lemmy.world 1 day ago
They wouldn’t.
My original point is that there’s no additional financial benefit to the company by doing this. They don’t win or lose financially.
People make these donations out to be some kind of financial scam. They’re not. They’re a perception scam, because the company can say “we donated X, aren’t we great”.