Sam,

Probably a stupid question, but that rarely stopped me from asking
before...

At 2016-07-03 08:29:56 -0400
Sam Lanfranco <[log in to unmask]> wrote:

> Initially I have two goals. The first is to propose a reporting scheme 
> for NCSG, NCUC and NPOC to report out financial information in ways that 
> support transparency and accountability, as a matter of best practice 
> and not because of any worries about accountability. The second is look 
> for possible improvements for how the modest (minimal) funding is 
> administered. That involves dealing with a number of minor but 
> bedeviling issues. None of our three entities has an independent legal 
> status (we are not NGO’s). Thus, most financial systems will not allow 
> us to have independent bank accounts. At the moment the NPOC account is 
> held by an individual, as is the case I believe for NCSG and NCUC. Also, 
> for such accounts national tax authorities may treat deposits as 
> “personal income” and impose taxes. The committee will explore (the 
> rather limited) options for independent bank accounts. The occasional 
> suggestion that NCSG, et. al., look to incorporation as not-for-profit 
> entities brings additional complications and is an unlikely option.

Why do we need an independent account? Why can't ICANN set up an
account for the NCSG and/or NCUC?

Cheers,

--
Shane