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RE: [atlarge-discuss] Re: [ga] Open call to join



Well Ms. Judyth,
You certainly made a good point. We should decide where the largest 
contributors will come from and be in business there.
e

> At 00:14 -0800 2002/12/29, Bruce Young wrote:
>>|  >If this is not a 501c3 group then what is it?
>>|
>>|  An International group that is not necessarily wedded to
>>|  submitting to the
>>|  bureaucratic requirements for  American tax deduction.
>>
>>Perhaps.  But there are some nice logistical reasons for being tax
>>exempt >
>>in the US, the least of which is not having to pay taxes on any funds
>>we
>>acquire from US citizens!
> 
> ??? Has the United States somehow passed legislation which
> entitles it to tax non-profit organizations located elsewhere???
> At least formerly, the idea of incorporating as a 501C3 in the
> U.S. was that American donors could receive a tax deduction
> for their donations from the American IRS. What taxes (if any)
> a non-profit organization has to pay are (were???) determined
> by the country under whose laws it had incorporated.
> 
> The deductibility of contributions likewise normally applies to
> citizens of that country only, since donors elsewhere are taxed in
> their home countries. The usual way of providing a tax deduction
> to those outside the organization's country is to set up a
> registered charity in the donor's country which meets that
> country's requirements for eligibility -- usually something to
> the effect that the funds will be used for purely charitable
> or educational purposes rather than operational expenses or
> political lobbying.
> 
> Anyway, under Canadian law there is no deduction for donations
> to organizations other than registered Canadian charities.
> This group would not qualify as a charity under our laws: it
> would be necessary to set up a separate organization or
> foundation whose mission met the criteria and was quite
>separate from lobbying or participating in ICANN.
> 
> Just in case anyone cares, incorporating in the U.S. may or
> may not be the best idea, depending on what one was planning
> to do and for whose benefit...
> 
> Regards,
> 
> Judyth
> 
> 
> ##########################################################
> Judyth Mermelstein     "cogito ergo lego ergo cogito..."
> Montreal, QC           <espresso@e-scape.net>
> ##########################################################
> "A word to the wise is sufficient. For others, use more."
> "Un mot suffit aux sages; pour les autres, il en faut plus."
> ##########################################################
> 
> 
> 
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