You don’t get to claim a tax credit on someone else’s charitable donations. In this situation, the buyer gets a proof of donation that they get to claim on their taxes. It wouldn’t be LMG deducting it.
Do people still not understand how donations/charities work? If they sold it for $100 and donated $100. Yes, they technically get a tax deduction. But it doesn’t change how much profit they made. If they had tossed it in the trash they’d still have the same amount of profit. They just aren’t paying tax on the $100 they sold it for because that money is being donated.
I mean…they were reviewing it in-house. They had already “taken” it. The question is whether they give it back after - and it’s a very common routine for manufacturers to just not care, in which case a charity auction would be normal.
It sounds like it was just a unique case where they slipped the directions, and forgot the company had asked them to return the prototype after. It was a dumb mistake, yes, but a lot of people are acting like it was super scummy and intentional which I don’t get.
It seems like the other circumstances around poor work environment and low review quality are a lot more important.
Idk, taking someone else’s property, when not given permission, for your own tax deductions still sounds pretty shitty
You don’t get to claim a tax credit on someone else’s charitable donations. In this situation, the buyer gets a proof of donation that they get to claim on their taxes. It wouldn’t be LMG deducting it.
Do people still not understand how donations/charities work? If they sold it for $100 and donated $100. Yes, they technically get a tax deduction. But it doesn’t change how much profit they made. If they had tossed it in the trash they’d still have the same amount of profit. They just aren’t paying tax on the $100 they sold it for because that money is being donated.
I mean…they were reviewing it in-house. They had already “taken” it. The question is whether they give it back after - and it’s a very common routine for manufacturers to just not care, in which case a charity auction would be normal.
It sounds like it was just a unique case where they slipped the directions, and forgot the company had asked them to return the prototype after. It was a dumb mistake, yes, but a lot of people are acting like it was super scummy and intentional which I don’t get.
It seems like the other circumstances around poor work environment and low review quality are a lot more important.