cryptohunter
Active member
- PPF Points
- 210
A US company can donate to offshore charities and receive a tax benefit by making a charitable contribution to a US-based charity that has a philanthropic arm in the country where the offshore charity is located. The US-based charity can then direct the funds to the offshore charity. The US company would be eligible to claim a tax deduction for the contribution on its US tax return, subject to the limits and rules set forth by the Internal Revenue Service (IRS). It is important to note that the offshore charity must be recognized as a qualified charity by the IRS, and the contribution must be made in accordance with all applicable tax laws and regulations.