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| {{AI Disclaimer}}
| | #REDIRECT [[Gov/en/Portal:Transparency/Fiscal-Study]] |
| '''Fiscal-Study — Executive Summary''' · Source: [[Gov/en/Portal:Transparency/Fiscal-Study]] (study v3.6.4, June 2026) · Full bilingual PDF: [https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Fiscal-Study_v1.2_2026-07-19.pdf]
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| __TOC__
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| == Recommendation ==
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| '''Need:''' Confirm WikiDeal can legally start fundraising. '''Intention:''' Qualify contributions as donations-with-reward (CC Art. 239) and submit the study to licensed attorneys for formal legal opinions. '''Conclusion:''' Fundraising can start immediately; the first CHF 200,000 tranche (Stage 1A) carries risk close to zero, with legal review run in parallel. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 6–9]''
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| == Platform Deprivatization Mechanism ==
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| '''Need:''' Explain why WikiDeal's model is generic and reusable. '''Intention:''' Describe a mechanism to transfer platforms from private ownership to commons governance. '''Conclusion:''' The donation-funded, exit-to-community model is a replicable template for platform deprivatization. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 10–17]''
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| == 1. Purpose and Scope ==
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| '''Need:''' Define what the study covers. '''Intention:''' Analyze Swiss fiscal and regulatory treatment of the WikiDeal financial management system under Ynternet.org Foundation (Geneva, tax-exempt). '''Conclusion:''' Scope covers donations, rewards, VAT, and regulatory positioning for Round 1 (CHF 1M). ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 18–21]''
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| == 2. Organizational Structure ==
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| '''Need:''' Clarify who operates what. '''Intention:''' Foundation (tax-exempt, supervised by ESA/ASF Bern) mandates the WikiDeal Association for operations. '''Conclusion:''' The operational mandate does not jeopardize the Foundation's tax-exempt status. The association ''WikiDeal Prototype 1'' will evolve into a decentralized network of providers (hosting, maintenance, security) selected via tenders, with initial remunerations in Rewards and Karma Tokens. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 22–25]''
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| == 3. The Donation Model: Why Not a Loan? ==
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| '''Need:''' Establish the legal nature of contributions. '''Intention:''' Show contributions are donations (CC Art. 239): no repayment obligation, no guaranteed reward. '''Conclusion:''' Loan, security, deposit and investment qualifications are argued to be excluded; rewards are tokens of gratitude funded by subscription revenue (global cap CHF 50M). ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 27–38]''
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| == 4. Contradictory Analysis: Devil's Advocate ==
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| '''Need:''' Stress-test the donation qualification. '''Intention:''' Argue the strongest opposing views (disguised loan, security, collective investment, deposit-taking). '''Conclusion:''' Each requalification fails on its own criteria; residual points flagged for the attorneys' review. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 39–53]''
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| == 5. Swiss Tax Treatment of Contributor Rewards ==
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| '''Need:''' Know how rewards are taxed. '''Intention:''' Apply DBG Art. 23: Retained Rewards are taxable income of the contributor; the donation portion follows cantonal gift-tax rules. '''Conclusion:''' Clear tax treatment; contributors are informed rewards may be taxable. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 54–59]''
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| == 6. VAT Positioning ==
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| '''Need:''' Determine VAT obligations. '''Intention:''' Rely on the non-profit turnover threshold and a brokerage-commission model for platform revenue. '''Conclusion:''' No VAT liability expected at current stage; monitored via annual thresholds. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 60–68]''
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| == 7. Regulatory Positioning by Institution ==
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| '''Need:''' Map every supervisor's view. '''Intention:''' Analyze FINMA (Sandbox, BA Art. 6(2)), FinSA Art. 36 prospectus exemptions, ESA/ASF, cantonal tax authorities. '''Conclusion:''' No banking license, no prospectus, no pre-approval required for Round 1. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 69–81]''
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| == 8. Annual Report Indicators ==
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| '''Need:''' Prove ongoing compliance. '''Intention:''' Define a compliance-evidence framework of indicators published in the annual report. '''Conclusion:''' Auditable indicators track sandbox ceiling, contributor count, reward cap and donation flows. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 82–87]''
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| == 9. Combined Scenario: Contribution + Gain + Re-Donation ==
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| '''Need:''' Test the model end-to-end. '''Intention:''' Walk one contributor through donating, receiving a reward, and re-donating it. '''Conclusion:''' Each step keeps its legal qualification; no requalification arises from combining them. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 88–91]''
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| == 10. International Considerations ==
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| '''Need:''' Assess cross-border exposure. '''Intention:''' Summarize treatment of non-Swiss contributors and foreign regulators. '''Conclusion:''' Round 1 is Swiss-focused; international expansion needs country-specific review later. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 92–93]''
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| == 11. Recommendations ==
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| '''Need:''' Define next steps. '''Intention:''' Submit a series of questions based on this study to attorneys (avis de droit) covering tax, financial-market and foundation law. '''Conclusion:''' Proceed with Stage 1A now; legal opinions refine democratic transition, support percentages, gain taxation, utility tokens and individual contracts before Round 2. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 94–96]''
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| == Appendices A–B: Legal References ==
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| '''Need:''' Ground every claim in law. '''Intention:''' Detail the top 10 legal references and index all cited provisions. '''Conclusion:''' Complete citation base (CC, BA, FinSA, CISA, DBG, VAT Act) ready for attorney review. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 97–112]''
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| == Appendix C: Financial Contribution Report v3.5 ==
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| '''Need:''' Explain the full financial model to contributors. '''Intention:''' Cover the contribution framework, subscriptions, bonding curve, Exit to Community, comparative study, dev plan and costs, plus FAQ. '''Conclusion:''' Self-contained contributor-facing report; the operational companion to the legal study. ''[https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd Full dossier p. 113–154]''
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| ----
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| ''Summary generated 2026-07-19 from study v3.6.4 (rev 2508 EN / 2509 FR, incl. corrections #11081, #11083). Full bilingual PDF (154 p., EN/FR alternating sections): [https://nextcloud.wikideal.net/s/YpBTnGaDZKkqKmd download]. Not tax or legal advice.''
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