Because it just doesn’t feel right to me. And I know that it’s kinda churlish, but there’s a part of me that doesn’t want huge supermarket chains who keep posting record profits while paying the bare minimum they legally have to, to take the credit for me donating a few quid a month in rounding up my bill. Many of the charities wouldn’t be needed as much if these companies actually paid adequate wages.
Charity donations are tax deductible (usually) so what you’re doing is giving the business a means to bring down their contributions for the year. It’d really be best if you just donated directly.
Deductible means they don’t pay taxes on the money they donated
It does nothing to reduce the tax burden on their profits, if the money they’re donating wouldn’t have been profit in the first place
Why not if it is a charity? I’m guessing you’re not trusting them?
Because it just doesn’t feel right to me. And I know that it’s kinda churlish, but there’s a part of me that doesn’t want huge supermarket chains who keep posting record profits while paying the bare minimum they legally have to, to take the credit for me donating a few quid a month in rounding up my bill. Many of the charities wouldn’t be needed as much if these companies actually paid adequate wages.
I might be wrong but don’t they use these charities to get tax reductions?
I don’t think they do, but I’ve seen them announce things like " company name teamed up with x charity and we managed $200,000 !"
Conveniently forgetting to mention that they donated little to nothing themselves.
Charity donations are tax deductible (usually) so what you’re doing is giving the business a means to bring down their contributions for the year. It’d really be best if you just donated directly.
No. That’s not how that works.
Deductible means they don’t pay taxes on the money they donated
It does nothing to reduce the tax burden on their profits, if the money they’re donating wouldn’t have been profit in the first place