voyageur77 t1_j8v1aae wrote on February 17, 2023 at 3:32 AM

Reply to comment by Badtrainwreck in Elon Musk donates almost $2bn of Tesla shares to charity by Nergaal

A private foundation cannot own more than 20% of a company, so no, you can't pass control over the board of a business to your kids this way. And there is no tax advantage to Coca Cola paying farmers through a charity. They could pay directly and deduct it as a business expense anyway. What tax do you think this is cheating on?

Badtrainwreck t1_j8v21cb wrote on February 17, 2023 at 3:38 AM

Cheating on taxes? Again remember you and me have spoken about several ways in which nonprofits are used to increase someone’s financial position, not all ways involve taxes. One way was using a nonprofit to create rental income on property the nonprofit utilizes. That’s not avoiding taxes that’s benefiting financially in a legal method by utilizing a nonprofit in a way to enrich oneself.

Because Coca-Cola wants to do business with bill gates, he is one of the primary shareholders of Coca-Cola, plus Coca-Cola wants to be able to pay farmers less money for their products but there aren’t enough farmers producing what they want, so they are increasing the number of farmers to increase competitiveness to drive cocacolas costs further into the ground

voyageur77 t1_j8v2mta wrote on February 17, 2023 at 3:43 AM

Bill Gates does not own any Coca Cola stock. Zero. Google says their foundation sold all of it 8 years ago. Your information is comically bad.

Badtrainwreck t1_j8v42eg wrote on February 17, 2023 at 3:56 AM

I’m an idiot, I can’t believe I wasn’t able to do a simple google search, egg on my face. Had I googled it I’d have seen that they disinvested in 2014, and I’d have also seen they did the charity work to increase the number of farmers in 2010! 4 years before selling and as we all know that time travel isn’t possible, but idk I’m not a lawyer