30 Jun
2005
30 Jun
'05
9:32 p.m.
On Thu, 30 Jun 2005, Karoly Negyesi wrote:
A chunk of this money should be reserved for setting up a foundation (s?).
Very wise idea.
I'm going to look at the requirements for this in Canada in the next couple of days with a lawyer.
Will that provide for US tax-deduction?
No, of course it won't. Countries give tax deductions to further some causes (welfare, whatever). Why should the US taxpayer give tax deductions to Canadian good causes?
Someone look around for EU, please.
Just the same: If I set up a non-profit in .de I won't be able to issue tax deduction to people from .fr. Well, in fact I might be able too, but they would only help if the person pays taxes in .de. Cheers, Gerhard