I’ve been given the “corporations should be able to run their business how they want and government shouldn’t ban things like they banned weed” too many times on lemmy.
We should ban for profit corporations from doing certain things, this is one of them. We know they’re using the money as a tax writeoff. Ban this shit. Not everything is drugs.
Edit: looks like afaik its not tax deductible for corporations to do this though I would not put it past a small business or local manager to try it. I would prefer other methods for charitable donations other than how well they negotiate with box stores, etc.
I don’t know how it is in your country but last time I checked, it was not used as tax writeoff. Are you sure it is the case ? Because I hear this a lot on the internet and no one bother to check if this is true or not.
Edit: I do think that corporations are able to write off fees and services associated with collecting the donations such as technical and administrative costs though its likely very small in comparison to actual donations.
More likely the donations help with employee and customer retention/morale.
I’ve been given the “corporations should be able to run their business how they want and government shouldn’t ban things like they banned weed” too many times on lemmy.
We should ban for profit corporations from doing certain things, this is one of them.
We know they’re using the money as a tax writeoff. Ban this shit. Not everything is drugs.Edit: looks like afaik its not tax deductible for corporations to do this though I would not put it past a small business or local manager to try it. I would prefer other methods for charitable donations other than how well they negotiate with box stores, etc.
I don’t know how it is in your country but last time I checked, it was not used as tax writeoff. Are you sure it is the case ? Because I hear this a lot on the internet and no one bother to check if this is true or not.
It appears as of 2021, you are correct. I still suspect funny business going on but I think you’re right about the taxes.
https://www.usatoday.com/story/news/factcheck/2021/06/10/fact-check-false-claim-checkout-charities-offset-corporate-taxes/7622379002/
Edit: I do think that corporations are able to write off fees and services associated with collecting the donations such as technical and administrative costs though its likely very small in comparison to actual donations.
More likely the donations help with employee and customer retention/morale.