On Aug 7, 2013, at 4:53 PM, Carsten Bormann <[email protected]> wrote:
> On Aug 4, 2013, at 22:11, John Levine <[email protected]> wrote: > >> At last week's very successful Berlin meeting, the finances were >> thrown of whack by the late discovery that the IETF had to pay 19% >> German VAT on the registration fee. At the IAOC session they said >> that about half of that is likely to be reclaimed from VAT paid, but >> the net amount is still a large number. > > I don't get it. > > Given the above, the VAT adjustment is going to cost the IETF ~ 10 % revenue. > > At the same time, the attendance increased by more than that. > > What was thrown out of whack, please? > > Grüße, Carsten > > PS.: As a European attendee, of course I enjoy the ability to make a VAT > claim. > In effect, I'm recovering the VAT that IETF paid on goods and services in > Berlin, and that is exactly what the concept of VAT is about. In effect you're getting a $103.78 reduction in your $650 registration fee. > Raising the price to maintain net revenue at $650 would be disingenuous, as > the VAT recovered by the IETF is an additional source of income to the IETF > on top of that net revenue. The VAT paid on the Registration Fees will be about $137,000 USD. The VAT we expect to recover is about $65,000 USD after paying fees to a service company to recover the VAT. Ray IAD >
