captain_spalding said:
Witty Rejoinder said:
captain_spalding said:Doesn’t really matter.
With a good accountant, they can claim a lot, if not all of it, back on tax, or perhaps have it offset against income from various sources.
With a good investment broker, they’ll make some, if not a lot of it, back fairly quickly.
In the end, it’s likely to be you and me indirectly making the donation.
The amount involved is irrelevant to claiming a tax deduction on it. Do you similarly besmirch $100 donations to Oxfam?
No, not at all. If good causes get the money they need, wonderful.
I’m saying the donors get the kudos, and eventually, someone else gets the bill.
Coles regularly asks me to donate to this charity or that charity. They ask lots and lots of people. And they get lots and lots of donations. Which they eventually bundle together, and present to the charity in the form of a donation ‘by Coles’.
They get the kudos, someone else paid for it.
Last Fin Yr, Coles made $1.9 billion declared profit, up from the previous year.
Me, i’m using a staff family discount card to save $5 on a $100 shopping load.
How about you make the donation from your funds, Coles?
The shareholders may object?