"Because contributions for charitable and educational purposes were the earliest form of corporate social action, their pattern enables us to test the validity of our theory. Corporate giving was stimulated by federal legislation in 1935 authorizing companies to deduct from taxable income up to 5 percent on account of such gifts."
Neil H. Jacoby

January 1, 1970

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Original Language: English

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https://en.wikiquote.org/wiki/Neil_H._Jacoby