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</head><body text="#485663">CK,<br>
<br>
can you advise on the tax situation regarding the capital reserve?<br>
<br>
Previously the board stated that the agreement reached with the NL tax
authorities specified an upper limit in how large the capital reserve
could be without attracting corporation tax. Is this a floating limit
relating to the annual revenue of the organisation, or was/is it a
static limit? I.e. do either Options A or B have tax implications that
we as members should know about?<br>
<br>
Nick<span></span><br>
<blockquote type="cite"
cite="mid:1dbaab27-b9e3-1308-6508-94ca75d37fbe@ripe.net" style="border:
0px none ! important;">
<div xmlns="http://www.w3.org/1999/xhtml" class="__pbConvHr"
style="margin:30px 25px 10px 25px;"><div
style="width:100%;border-top:2px solid
rgba(146,154,163,0.7);padding-top:10px;"> <div
style="display:inline-block;white-space:nowrap;vertical-align:middle;width:49%;">
<a style="color:#485664
!important;padding-right:6px;font-weight:500;text-decoration:none
!important;" href="mailto:exec-board@ripe.net" moz-do-not-send="true">Christian
Kaufmann</a></div> <div
style="display:inline-block;white-space:nowrap;vertical-align:middle;width:48%;text-align:
right;"> <font color="#909AA4"><span style="padding-left:6px">10
October 2019 at 13:15</span></font></div> </div></div>
<div xmlns="http://www.w3.org/1999/xhtml" class="__pbConvBody"
__pbrmquotes="true"
style="color:#909AA4;margin-left:24px;margin-right:24px;"><div>Dear
members,<br><br>For the upcoming RIPE NCC General Meeting (GM), the
Executive Board is<br>proposing three options for the RIPE NCC 2019
financial surplus.<br><br>The Board feels strongly that this is an
appropriate moment to<br>strengthen the RIPE NCC's capital position to
make sure that it can<br>continue its work with a solid financial basis
in the coming years.<br><br>Therefore, the Board suggests that the
membership vote for the option to<br>add 50% of the financial surplus to
the RIPE NCC Clearing House reserves<br>and redistribute 50% to the
membership in 2020. This option is a good<br>compromise between adding
more capital for improved stability and a<br>predictable redistribution
process where we return the financial surplus<br>to our members.<br><br>Although
there are three possible outcomes (the two usual choices and<br>the 50%
choice), there are two voting options. This avoids the<br>possibility
of all options being rejected and no decision being made on<br>the
surplus.<br><br>Option A (to add 100% to the reserves) is approved if it
receives over<br>50% of Yes votes. Votes for Option B (to add 50% to
the reserves) are<br>only considered if Option A does not pass. If both
options receive less<br>than 50% of Yes votes, then the entire surplus
will be redistributed to<br>the membership in 2020.<br><br>You can find
more information in the supporting document:<br><a class="moz-txt-link-freetext" href="https://www.ripe.net/participate/meetings/gm/meetings/october-2019/redistribution-of-the-ripe-ncc-2019-financial-surplus.pdf">https://www.ripe.net/participate/meetings/gm/meetings/october-2019/redistribution-of-the-ripe-ncc-2019-financial-surplus.pdf</a><br><br>And
we encourage all members to register to vote at the upcoming GM:<br><a class="moz-txt-link-freetext" href="https://www.ripe.net/s/gm-registration-october-2019">https://www.ripe.net/s/gm-registration-october-2019</a><br><br>Regards,<br><br>Christian
Kaufmann<br>RIPE NCC Executive Board Chairman<br><br></div>
</div>
</blockquote>
<br>
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