They only did this because they are sitting on a bunch of inventory they can’t sell, so they used it for marketing, check out LegalEagle on youtube he has a 20 minute video on the lawsuit they are facing, they agreed a contract to have a custom factory line built then backed off when sales plummeted
Isn’t that a good thing in this case? If they lose slightly less money when donating compared to burning the money companies are more likely to donate it.
They only did this because they are sitting on a bunch of inventory they can’t sell, so they used it for marketing, check out LegalEagle on youtube he has a 20 minute video on the lawsuit they are facing, they agreed a contract to have a custom factory line built then backed off when sales plummeted
You mean tax deductions… More lucrative than just biting the loss.
Isn’t that a good thing in this case? If they lose slightly less money when donating compared to burning the money companies are more likely to donate it.
Not sure how the Us tax system works, but I am guessing storing inventory is also not free
US businesses have made an entire industry based on pretending to give a shit for tax breaks/deductions.
Ah, you too, have worked for a non-profit