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A comment on Reflecting on the first two decades of our foundation. Parent comment

Re:Reflecting on the first two decades of our foundation by onion2k on Monday February 10, 2020 @04:47AM (#22287698)
Why is European wealth not associated with charitable foundations and such kinds of global funding?

European tax law doesn't let wealthy people write off donations to the same extent as American tax law.

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Re:Reflecting on the first two decades of our foundation by Thorrez on Monday February 10, 2020 @05:34AM (#22287920)
That just means they can only donate 1/2 as much (assuming at 50% tax rate). They can still donate though.
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