Director,
T.E.(Terry)
Manning,
Schoener 50,
1771 ED
Wieringerwerf,
The
Tel:
0031-227-604128
Homepage:
http://www.flowman.nl
E-mail: (nameatendofline)@xs4all.nl :
bakensverzet
Incorporating innovative
social, financial, economic, local administrative and productive structures,
numerous renewable energy applications, with an important role for women in
poverty alleviation in rural and poor urban environments.
"Money is not the key that
opens the gates of the market but the bolt that bars them"
Gesell, Silvio The Natural
Economic Order
Revised English edition, Peter
Owen, London 1958, page 228
Edition 11:
For
a drawing of the proposed LETS structures refer to:
DRAWING OF PROPOSED
LETS STRUCTURES.
HOW A LETS TRANSACTION
WORKS.
This
project is designed to create rapid, sustainable and durable local development.
The
project coordinator will reach a binding agreement with the tax authorities,
before the project gets under way, to ensure that the tax authorities are not
deprived of current tax revenue.
The
tax authorities will define LETS activities carried out in LETS currencies under
the project as non-commercial, and therefore non-taxable.
The
project is based on a tax moratorium of at least 20 years on all LETS
activities.
After
the moratorium, the following basic rules will apply:
-1. LETS exchanges
where a user helps a friend, or performs a job on a "one-off" basis are not
taxable.
-2. LETS exchanges involving activities not part of the normal
business activities of the supplier are excluded.
-3. The expression "normal
business activities" will be interpreted in the manner most favourable to the
users.
-4. Normal LETS exchanges by businesses are taxable.
-5. All
costs and business expenses are tax deductible.
-6. Businesses will be taxed
in respect of LETS exchanges on the net profits they generate from them.
Forward: Local money
transactions.
List of drawings and
graphs.
Typical list of maps.
List of key
words.
List of
abbreviations used.
Documents for
funding applications.
