5 ms·
If Unknown Fund is not a recognized non-profit in at least one (or more?) countries, would any project that receives funding see their owners having to pay tax
by otoburb 7y ago
If Unknown Fund is not a recognized non-profit in at least one (or more?) countries, would any project that receives funding see their owners having to pay tax on the grants?
Given the nature, purpose and stated distribution mechanism of the fund on the website, it's highly unlikely Unknown Fund would register as a formal private foundation. I'm not sure how that works.
- snitko 7y agoHow this works? They send btc and people use them. You're thinking in the old frame of reference: you don't need banks, legal entities or identities even to produce code. Who cares if it's recognized or not.
- mNovak 7y agoIf they're donating to businesses that pay taxes, those businesses probably care.
- snitko 7y agoI hope they donate to projects with anonymous developers, not businesses.
- cortesoft 7y agoLocal tax authorities will care, and will have the resources to track you down.
- snitko 7y agoWhat? If I'm an open source developer online, I doubt local tax authorities have the means to track me down. I can be anywhere in any country.