On Thu, 2001-12-20 at 10:49, Alan wrote: > Dean Luick wrote: > > >On Tue, Dec 18, 2001 at 06:19:55PM +1100, Damian Ivereigh wrote: > > > >>I am investigating the possibilities for funding Free Software such as > >>Abiword. > >> > > > >Perhaps I am missing something, but everyone seems to be overlooking > >tax considerations. Does anyone have any _real_ information on whether > >just opening an account somewhere and accepting money is legal or not? > > > > > >Dean > > > It depends entirely what country you are in, and their respetive tax laws. > I would have to assume that the amounts of money being sent would not be > enough to be of concern to most taxmen. > > at the moment abiword is a non profit volunteer group so it may be > considered a donation. > if you are looking to donate *large* sums and deduct for it against your > taxes im sure arrangements could be made, just there has never been the > demand before.
Tax considerations are a very valid point. This is getting more into the
implementation details. However my initial take comes down to whether
the donations are tax deductible. If they are (i.e. FreeSupport is a
registered Non-Profit), then the developers (receivers of the money) may
have to pay taxes on what they receive. If it is not tax deductible
(taxes have already paid on the money), then I hoping they will not need
to deduct tax. But I will need to find a tax adviser on this one.
Quite how this is going to work when receiving and paying money
internationally is an open question.
However as far as I am concerned when enough donations are being made
for this to be a problem, I will be very happy!
Damian
--
Damian Ivereigh
CEPS Team Lead
http://wwwin-print.cisco.com
Desk: +61 2 8446 6344
Mob: +61 418 217 582
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