Cashier: “Would you like to round up your amount so that we, a company making billions in profits, can get the tax break and good will of donating your change to a charity?”
And there’s no way to know if they’re even donating the change.
I think a lot of lawyers make their living in that gap between “we moved someone else’s money” and “we took someone’s money and agreed to spend it a certain way”
Also -
Cashier: “Would you like to round up your amount so that we, a company making billions in profits, can get the tax break and good will of donating your change to a charity?”
And there’s no way to know if they’re even donating the change.
Isn’t that thing with the tax break a myth? Because they’re only collecting money and don’t spend their own, they can’t claim it as an expense.
I think a lot of lawyers make their living in that gap between “we moved someone else’s money” and “we took someone’s money and agreed to spend it a certain way”
Yeah, as far as I know it’s not legal (in the U.S. at least) to claim that money as your own donation as a company.
It’s true. In case anyone doubts.
https://checkyourfact.com/2021/12/09/fact-check-customer-charity-tax-deductions/
https://apnews.com/article/fact-checking-000329849244
Now whether the charities being donated to are “good” ones is an entirely different conversation.