EFTA00965561.pdf

From: Jeffrey Epstein <jeevacation@gmail.com> To: Joi Ito Subject: Re: L3C Date: Mon, 22 Jul 2013 11:10:58 +0000 lets keep it between you and I On Mon, Jul 22, 2013 at 6:57 AM, Joi Ito <ja. wrote: The founder/head of Mozilla Corp., Mitchell Baker, says that she's interested in exploring. I'm asking about why the contribution is small. I wonder if it would be easier to add the her to this thread... Or maybe it's better if she doesn't know who is working on this with me. ;-) - Joi On Jul 21, 2013, at 10:38 , Jeffrey Epstein <jeevacation@gmail.com> wrote: I have started reading re structure on line / what happens to the after tax proceeds of the corp. why doesn't it contribute to the foundation, Broad terms each requiring details On Sun, Jul 21, 2013 at 10:35 AM, Joi Ito <MI > wrote: The Corp. is incorporated and the only shareholder is the foundation which is a 501(c)3. Let me talk to the CEO and ask her if she wants my opinion on this. ;-) - Joi On Jul 21, 2013, at 10:22 , Jeffrey Epstein <jeevacation@gmail.com> wrote: ok, lets play where are they both incorporated, shareholders. ? if you paid no corporate tax , where would the 50 million go? On Sun, Jul 21, 2013 at 10:14 AM, Joi Ito < > wrote: Got it. One question would be whether the L3C would be useful for the Mozilla Foundation which owns Mozilla Corporation. Mozilla Corp. makes 400M a year in revenue with 100M earnings. 5M gets distributed the the parent, a 501(c)3 as a brand licensing fee. We currently pay tax on the earnings in the corp. There are two boards now, the foundation board and the corporation board. Could we make this thing more efficient easily? - Joi On Jul 21, 2013, at 09:49 , Jeffrey Epstein <jeevacation@gmail.com> wrote: You need to better define your question, are you referring to the investment itself being taxed ( excise , ubti etc ) , or the profits somehow defined being taxed,? Usually these things are fact specific. you could get a letter ruling . not difficult. and the only true protection. EFTA00965561  http://www.americansforcommunitydevelopment.org/proposedfedlegislation gives you some examples. its a state by state issue, and the feds can rule on PRI. s , i On Sun, Jul 21, 2013 at 9:30 AM, Joi Ito Ma wrote: Had the IRS ruled whether an investment in an L3C by a family foundation or a non-public charity non-profit is tax-free? - Joi *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved Please use my alternative address, to avoid email auto responder *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved Please use my alternative address, to avoid email auto responder EFTA00965562  The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved Please use my alternative address, to avoid email auto responder The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00965563