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Re: [Fenfire-dev] non-profit association vs. co-operative
From: |
Antti-Juhani Kaijanaho |
Subject: |
Re: [Fenfire-dev] non-profit association vs. co-operative |
Date: |
Thu, 10 Jun 2004 23:38:00 +0300 |
User-agent: |
Mutt/1.5.6i |
On 20040610T161558+0300, Matti Katila wrote:
> And I must correct that all donations are not tax-deductible in Finland
> because they don't improve trade. The association can give donations
> tax-deductible.
You're not making sense. Donations are not tax-deductible except that
they are?
Certain "IRS"-cerified charities can take donations that are
tax-deductible to the donor.
> I do understand that. With association we need to pay taxes to get funding
> from members if we don't use membership fee.
Uhh, what? I've never heard of a charitable association having to pay
taxes on free gifts (freely given, that is) it receives.
In fact, I just rechecked the facts, and charities do not pay taxes on
gifts it receives. To be counted as a charity, the following must be
true of an association:
1) Its sole motivation on all its operations is direct common good
materially, spiritually ("henkisessä mielessä"), educationally
("siveellisessä mielessä") or socially ("yhteiskunnallisessa
mielessä"). [Translations are rough where the original phrase is
indicated.]
2) Its activities are not limited to a particular set of people.
(This means, for example, that membership must be open to anybody
who agrees with the goals, not only to for example people called
Kaijanaho:)
3) It does not bring profit through dividends to those involved, not
counting fair compensation for work done for the association.
I think a Fenfire association would qualify.
(However, even a charity pays taxes for business income.)
--
Antti-Juhani Kaijanaho http://antti-juhani.kaijanaho.info/
Päiväkohtaisia kirjoituksia - http://antti-juhani.kaijanaho.info/blog/
Toys - http://www.cc.jyu.fi/yhd/toys/
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