[Gllug] Tax write-offs

[robin.c.smith at bt.com]

In the USofA donations to charity count as $ for $ reduction to your tax
bill. Effectivley you can say where your tax is spent.

Robin

-----Original Message-----
From: t.clarke [mailto:tim at seacon.co.uk]
Sent: 09 November 2001 13:20
To: gllug at linux.co.uk
Subject: [Gllug] Tax write-offs


---------------------------------------
Message from:-
Tim Clarke  (tim at seacon.co.uk)
Seacon Holdings plc Group, London, U.K.
Telephone: +44 (0)1474 320000
      Fax: +44 (0)1474 329946
---------------------------------------

Really never understood the '"it's a tax write-off so doesn't cost anything"
theory !

If I give (eg) #100 to Oxfam (eg again) I can claim back the tax on it, so
at the 22% rate I guess I am only #78 down.  But if I give nothing, then I
am buggar-all down,  so where is the financial advantage of giving anything
to charity ?

PS: I am NOT infering one shouldn't give !!

Tim

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