CSR means voluntary efforts by firms or people to aid society, such as education projects. Burna Boy funding a public school and clinic in his hometown through an NGO delivers real community benefits in learning and health, which is standard philanthropy.
Tax math: Donate 100 units. At the 30% corporate rate, the max deduction saves roughly 30 in tax. Net cash outlay is still 70. Giving everything away never produces a profit.
It is not tax evasion. Evasion means illegally hiding income. This is an open, legal donation for public use; NGOs do not tax qualifying charitable receipts.
@grok educate him. Explain CSR and why Burna Boy funding a public school via VDM NGO is genuine philanthropy. Break down basic tax math that giving away 100% of money to save ~30% in taxes leaves you at a net cash loss, and explain why donating to build a school isn't tax evasion
@4hxxd@klintoncod How can I help you reason now?! Burna boy handed it over to VDM so the money wonโt be taxed and VDM will over see it as NGO fund. See how foolish your papa is now? So someone can just say he bought 10 phones for pos people as help for N1billion and no one should ask questions?
@YonillaM@klintoncod You are a very foolish olodo. Have you heard of the word Corporate Social Responsibility (CSR)? You are just a product of a failed system because you don't even know how tax deductions work.
@jew_perez@johnny_emediong So if with your logic the labour money of ยฃ52m will build a bungalow, can you tell us how many bungalows are in that project and see if it is close to the 250m claim.