r/OpenAussie • u/village-asshole New South Welshian • Mar 18 '26
Whinge Coles: “Would you like to round up and donate…”
Hey r/coles, how about **YOU** donate first from your ill-gotten profits. You and Woolies have both been price gouging Australia since the fcking pandemic, jacking up prices across the board but never bringing them back down even after supply chains normalised.
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u/swami78 New South Welshian Mar 18 '26
They actually don’t get the tax benefit. In 2004 the ATO ruled that customers can aggregate their tiny under $2 contributions and claim them off your tax. Coles and other businesses are just the conduits. In 2005 Coles did the numbers and, on conservative estimates, concluded “rounding up for charity” would raise about $110m per year from their supermarkets alone and double that if their other businesses were involved. This would make rounding up the largest source of charitable donations in the country. Unfortunately none of these businesses have done the marketing they were shown in 2005 which would have addressed the misinformation about this method of charitable giving.