Mickey7@lemmy.world to Lemmy Shitpost@lemmy.world · 6 months agoTHIS always annoys me.lemmy.worldimagemessage-square18linkfedilinkarrow-up1507
arrow-up1507imageTHIS always annoys me.lemmy.worldMickey7@lemmy.world to Lemmy Shitpost@lemmy.world · 6 months agomessage-square18linkfedilink
minus-squareRed0ctober@lemmy.worldlinkfedilinkarrow-up12·6 months 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-up8·edit-26 months agoThat’s not how it works, at all. Businesses can’t claim donations they collect on behalf of a charity as a deduction.
minus-squareentwine413@lemm.eelinkfedilinkarrow-up5·6 months agoYour friend is wrong, or the company he works for is committing fraud.
minus-squareteejay@lemmy.worldlinkfedilinkEnglisharrow-up3·6 months 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-up2·6 months 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.”
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up2·6 months agoThey can lie and misreport. And if nobody in the state/federal bureaucracy follow up, they get away with it.
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.
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Your friend is wrong, or the company he works for is committing fraud.
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
They can lie and misreport. And if nobody in the state/federal bureaucracy follow up, they get away with it.