As much as I hate corporations, getting a tax break with your donation is actually something shitty they’re not doing. It’s misinformation, the donator gets the tax break, not the corp. At least in the United States.
I read something about this. While they don’t get a tax break, they can hold on to the money for as long as they like… I assume, but don’t know, they could collect interest on it.
As much as I hate corporations, getting a tax break with your donation is actually something shitty they’re not doing. It’s misinformation, the donator gets the tax break, not the corp. At least in the United States.
Here’s an article explaining it: https://www.taxpolicycenter.org/taxvox/who-gets-tax-benefit-those-checkout-donations-0
With that being said, will corporations lobby to change tax policy so they get the write off? Probably!
I read something about this. While they don’t get a tax break, they can hold on to the money for as long as they like… I assume, but don’t know, they could collect interest on it.