IKEA buys 11,000 acres of U.S. forest to keep it from being developed

Re:IKEA buys 11,000 acres of U.S. forest to keep it from bei... by lotsofpulp on Wednesday January 27, 2021 @11:09AM (#25929959)

>the only solution for the legislator might be to make AI pay taxes as well.

What taxes would AI pay? They're not selling items for profit. The only change that would need to happen is removing the ability to deduct charitable contributions from taxable income. I don't see any problem with that. People can still donate to AI with after tax income.

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Re:IKEA buys 11,000 acres of U.S. forest to keep it from bei... by jmalicki on Wednesday January 27, 2021 @11:53AM (#25930486)

> They're not selling items for profit.

https://shop.amnestyusa.org/

Not-for-profit firms make profits all of the time, and while I'm not familiar with UK tax codes, at least in the US the only fuzzy line is that pursuit of profits not be the end goal... quite a few "non-profits", such as hospitals, sell a large number of services for a profit!

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Re:IKEA buys 11,000 acres of U.S. forest to keep it from bei... by lotsofpulp on Wednesday January 27, 2021 @12:02PM (#25930611)

I didn’t know amnesty sold things. I meant that AI doesn’t sell any products and services, like a hospital or business would, therefore AI wouldn’t have income to tax anyway. But I guess they do sell some items for brand awareness/raising funds, and I think treating it like any other business is appropriate to prevent a loophole from existing.

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