| ▲ | colechristensen 2 hours ago |
| And a sizable tax deduction. |
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| ▲ | chadash 2 hours ago | parent | next [-] |
| IANAA, but pretty sure you can only deduct a donation against business profit. Are you suggesting that Anthropic is running at a profit? |
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| ▲ | goodthink 34 minutes ago | parent [-] | | Net Operating Losses (NOLs) in one year can offset taxes owed in future years. It works for personal taxes too if it's a "casualty" loss. |
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| ▲ | yreg 2 hours ago | parent | prev [-] |
| Who profits from that deduction and how? |
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| ▲ | nozzlegear 2 hours ago | parent | next [-] | | Anthropic profits from the PR, for one. And they likely hook these institutions on their products in the long term, for two – much like I was "stuck" on Azure until recently, thanks to their free startup credits pointing me to it a decade ago. | |
| ▲ | 2 hours ago | parent | prev | next [-] | | [deleted] | |
| ▲ | mikepurvis 2 hours ago | parent | prev [-] | | One assumes Anthropic given it's them doing the donating, but you also have to be actually making a profit to be paying tax. | | |
| ▲ | trollbridge 2 hours ago | parent [-] | | There are ways one can engage in financial engineering (is "accounting engineering" a term yet?) where despite not making a profit, you segregate a tax break, tax credit, charitable deduction, etc. into some other entity and then can sell that off as an asset that some other business that is making a profit buys and writes off against its own profits. |
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