Patagonia’s $10 million Donation: Why They Gave Away Their U.S. Tax Savings
by MR Magazine Staff
Dec 05, 2018
You hear a lot about the dangers of “fast fashion”, but one clothing company is using its popularity to make positive change in our environment. Outdoor brand Patagonia has announced that it will donate $10 million (£7.83 million) to help combat climate change. The number wasn’t plucked out of thin air – it’s how much Patagonia saved in 2017 after Donald Trump cut how much tax U.S. corporations have to pay from 35% to 21%. “Taxes protect the most vulnerable in our society, our public lands and other life-giving resources,” said Patagonia’s CEO Rose Marcario. “In spite of this, the Trump administration initiated a corporate tax cut, threatening these services at the expense of our planet.” Read more at BBC News.
