TAX EXEMPTION FOR
PUBLIC-BENEFIT PURPOSES
Foundations may benefi t from full tax exemption (including capital and benefi t taxes) if they have
been granted public-benefi t status by the taxauthority.
In general, a tax exemption is granted to a charitable foundation if the following
conditions are met • The foundation pursues a public-benefit purpose.
As a rule, charitable, humanitarian,healthcare, ecological, educational, scientific and cultural purposes are deemed to be in the public interest.
a Swiss foundation’s worldwide activities, provided they are in the public interest and
altruistic, meaning that they do not serve the interest of the founder. To be considered as being for the public benefit, the class of beneficiaries of the foundation shall not be too restrictive.
• The foundation actually carries out its public-interest purpose. It is not to provide for a public-interest purpose and keep the foundation dormant.
• The foundation shall not have an economic purpose. Trading activities are allowed as long as they remain secondary to the charitable activities and further the foundation’s purpose.
• Board members shall not, in general, be remunerated for their work, but can be reimbursed for their e ective expenses. They may be remunerated only for mandates exceeding standard tasks of a board member.
• Employees may not act as board members.• In case of dissolution, the foundation’s assets shall be distributed to a tax-exempt organisation pursuing similar public-benefit purposes.
The assets cannot return to the founder for their own profit.
^^
So no funds spent on coders for the public interest then ..
ANOTHER WORTHY CAUSE WILL GET IT
Oh and don't think you can stall and then pass all the TEZOS FUNDS to Monetas
..
GEVERS has a conflict of interest
..OK prove me wrong..
20th January some funds need spending on TEZOS RELATED projects ..
You put 1 dime into Monetas out of other peoples funds who had nothing to do with Monetas you go to
jail..
I cannot believe the Swiss would let this GEVERS get away with all this CONFLICT of INTEREST ..
People like GEVERS will bring the country of the Swiss down..
Only takes 1 man like GEVERS and his CRONIES to collapse your countries TRUST..
20TH January coders hired tezos apps built for the tezos ecosystem ..
CHOP CHOP time is ticking
..