Mickey7@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agoTHIS always annoys me.lemmy.worldimagemessage-square52linkfedilinkarrow-up1915arrow-down111
arrow-up1904arrow-down1imageTHIS always annoys me.lemmy.worldMickey7@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agomessage-square52linkfedilink
minus-squareRed0ctober@lemmy.worldlinkfedilinkarrow-up18arrow-down9·1 month agoBecause you’re giving them money that they then donate and claim as their own. It’s a way to get around actually donating money from their profits, while making it look like they’re donating a ton for the tax write off.
minus-squareentwine413@lemm.eelinkfedilinkarrow-up13arrow-down1·edit-21 month agoThat’s not how it works, at all. Businesses can’t claim donations they collect on behalf of a charity as a deduction.
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down2·1 month agoThey can lie and misreport. And if nobody in the state/federal bureaucracy follow up, they get away with it.
minus-squareentwine413@lemm.eelinkfedilinkarrow-up9arrow-down2·1 month agoYour friend is wrong, or the company he works for is committing fraud.
minus-squareouthouseperilous@lemmy.dbzer0.comlinkfedilinkarrow-up8arrow-down1·1 month ago company committing fraud Well yes, it’s a corporation.
minus-squareteejay@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down2·1 month agoI had a friend who once told me his brother discovered Alaska while riding in a hot air balloon. I wonder if we have the same friend.
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down1·1 month ago“Had a friend at a business report that the business was casually doing fraud to lower their tax liability.” “Oh yeah? Well I had a friend who reported he is a talking monkey who lives in Mars.” “Damn, both of these stories sound equally far-fetched and unbelievable.”
Because you’re giving them money that they then donate and claim as their own. It’s a way to get around actually donating money from their profits, while making it look like they’re donating a ton for the tax write off.
That’s not how it works, at all. Businesses can’t claim donations they collect on behalf of a charity as a deduction.
They can lie and misreport. And if nobody in the state/federal bureaucracy follow up, they get away with it.
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Your friend is wrong, or the company he works for is committing fraud.
Well yes, it’s a corporation.
I had a friend who once told me his brother discovered Alaska while riding in a hot air balloon. I wonder if we have the same friend.
“Had a friend at a business report that the business was casually doing fraud to lower their tax liability.”
“Oh yeah? Well I had a friend who reported he is a talking monkey who lives in Mars.”
“Damn, both of these stories sound equally far-fetched and unbelievable.”
deleted by creator