IMPROPER ‘INSIDER CHARITABLE GIVING’ IS WIDESPREAD, STUDY SAYS

On 5 July, the Wall Street Journal reported on something akin to insider trading, “insider giving”, where the timing of a donation of a stock to a charity around inside information about the stock.  That way, you take a tax deduction before bad news sends the share price tumbling or after good news sends the price higher — and the gift delivers a bigger tax deduction than you would have gotten otherwise.  Use of the ruse is increasing, according to a study by 2 professors at the University of Michigan’s Ross Business School. 

https://www.wsj.com/articles/insider-charitable-giving-11625418315

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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