Re: European bank account for donations


If all you want is a Euro account, most banks in the US can do that. But if you want an account in Europe, you need a European subsidiary. The easiest thing would be to talk to gnome fr or hispano bank rep and see what they say about passing money over and back.


"Bastien Nocera" <hadess hadess net> wrote:

>Em Mon, 2012-03-12 às 12:16 +0100, Dave Neary escreveu:
>> Hi,
>> On 03/11/2012 04:30 PM, Baptiste Mille-Mathias wrote:
>> > 2012/3/10 Germán Póo-Caamaño<gpoo gnome org>:
>> >>>
>> >>> Does this make sense?
>> >>
>> >> It might need necessary to figure out the way to do it properly (I
>> >> that is what Baptiste is trying to figure out).  Otherwise, for
>the tax
>> >> office this sort of operation can look as money laundry or tax
>> >>
>> > …and I don't want to go to jail. :)
>> That might be a bit dramatic...
>> Yes, we can receive money from people in Europe, and we can transfer 
>> that money to the US organisation with an invoice. And yes, we do
>> to be careful about falling foul of money laundering laws.
>> > We already had several issue due to the location of the Foundation
>> > the past, like the tee-shirt design contest back on November 2010
>> > which excluded inhabitants of some countries due to the embargo
>> > decided by the U.S.A. It's perhaps the right time to think to have
>> > legal representation in Europe (and perhaps on other continents).
>> It is true that it has not always been easy to deal with the GNOME 
>> Foundation, because the foundation understandably worries about its 
>> 501(c)3 status and making funds available without a sufficient paper 
>> trail on how it will be spent (certainly the Libre Graphics Meeting
>> will testify to that) - but the same should go for any subsidiaries 
>> working with the foundation. It's certainly much easier if money
>> in the EU is spent on EU activities that are easily justifiable.
>In that case, the problem becomes that we have two separate entities,
>with two separate organisational structures, with separate budgets.
>Which is why I wanted the existing US organisation to somehow have a
>Euro account. The accounting and budgeting is complicated enough
>> I disagree that a US organisation conforming to US export regulations
>> a huge problem, though - IMHO this is a completely separate issue to
>> money issue we're talking about here.

Sent from my Android phone with K-9 Mail. Please excuse my brevity.

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