Donald B. Tobin wrote an article for RollCall entitled, "CEOs Shouldn't Use Corporate Treasury as Personal Piggy Bank." In the article, Tobin highlights how News Corp.'s recent contribution to the Republican Governors Association creates legal problems. First it creates an issue of corporate law and whether the donation serves the business purpose. Second, it creates an issue for tax law as donations from a corporation can be deducted as an expense.
Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.
Leave a comment