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When the cashier asks if I want to round up and donate my 28¢ to help sick kids in hospitals (lemmy.world)

submitted 1 month ago by laurenceOfSuburbia@lemmy.world to c/memes@lemmy.world

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[–] Brewchin@lemmy.world -1 points 1 month ago (8 children)

This is not true

...for your jurisdiction.

Welcome to the international internet.

[–] Zorcron@lemmy.zip 5 points 1 month ago (7 children)

I can’t find any evidence for this being true in any country that speaks English as their primary language. Do you have evidence to the contrary?

[–] Brewchin@lemmy.world -5 points 1 month ago (6 children)

Picking the UK at random, this took 10 seconds to find so I doubt you tried to find anything:

Your limited company pays less Corporation Tax when it gives the following to charity:

money

equipment or trading stock (items it makes or sells)

land, property or shares in another company (shares in your own company do not qualify)

employees (on secondment)

sponsorship payments

You can claim tax relief by deducting the value of your donations from your total business profits before you pay tax.

It also allows the company to play PR games with how much "they" give to charity.

[–] VeganCheesecake@lemmy.blahaj.zone 3 points 1 month ago

But they don't give any money to charity, you do. I would be extremely surprised if that resulted in any reduction in taxes.

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