Rolex Charity?

[Fittster]

Where does the cash go?

According to wiki:

"Rolex SA is owned by the privately held Hans Wilsdorf Foundation, which is registered as a charity and does not pay corporate tax. "Virginie Chevailler, a spokesman for Rolex in Geneva, declines to say what evidence is available to confirm that the Wilsdorf Foundation makes charitable donations."

Is there any info on the web about where all the cash is going?

[bobbybee]

Yes, all Rolex shares are owned by the Hans Wildorf Foundation, which is a charitable trust. 50% to charitable deeds, the other 50% is reinvested in Rolex SA
Have a read http://www.alphatech.sg/2011/05/rolex-%E2%80%93-th...

[andy355]

Nice to know that money from buying a rolex goes to good causes

Does that mean that'i can claim 50% tax back as a charitable donation ?