Talk:Piramal Foundation
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Can we equate Philanthropy and Corporate Social Responsibility (CSR)?
[edit]Some conspiracy theorists have questioned the synonymity of philanthropy and CSR. CSR is part of the capitalist agenda of "gift" to:
a. avoid income tax problems;
b. mask their profits (justifiable or unjustifiable);
Difference Between CSR And Philanthropy
"The ITAT ruled that prior to the amendment to Section 37(1), CSR expenses were allowed as deduction as there was no specific bar contained either under Section 37(1) or under any other provision of the Income Tax Act."
New CSR Regime – Is it a philanthropy or a tax levy?
ICAI bats for India Inc, pitches for 100% tax deduction for CSR expenses
Thus, the equation of philanthropy and CSR in the case of Ajay Piramal et al., (other superrich business tycoons who are actually practicing CSR under the guise of philanthropy) should be questioned.
May we compare the so-called philanthropy and/or CSR, which is accumulated through the extraction of surplus labour, with Mohandas Karamchand Gandhi's theory of trusteeship?
The term philanthropy is being used as an euphemism in order hide the underlying profit-motive. The CSR supplements philanthropy in the age of cyber-capitalism as well as surveillance capitalism (Cf. Discussions on the Politics of Gift). Akharbandyo (talk) 17:11, 30 March 2023 (UTC)