Once hailed for decriminalizing drugs, Portugal is now having doubts

Re:Once hailed for decriminalizing drugs, Portugal is now ha... by SllX on Saturday July 08, 2023 @04:22AM (#36642463)

Sure, but also that doesn’t contradict the nature of a non-profits as corporations with a private ownership structure. Non-profit is the colloquialism for a corporation with a certain status per a statute that grants the corporation some tax exemptions in exchange for their ability to return a profit. The corporation receives a benefit for this status and is subject to stricter accounting rules, but is still a private corporation in and of itself.

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Re:Once hailed for decriminalizing drugs, Portugal is now ha... by skissane on Saturday July 08, 2023 @04:35AM (#36642532)

> Non-profit is the colloquialism for a corporation with a certain status per a statute that grants the corporation some tax exemptions in exchange for their ability to return a profit

Not all non-profits are corporations–many non-profits are trusts, and legally speaking trusts are not corporations (although it is not uncommon for them to own corporations, or to have corporations as their trustees). Many small non-profits are unincorporated associations. Nonprofit versus for-profit status is an orthogonal dimension from corporate vs non-corporate legal structure.

Also, "non-profit" isn't a "colloquialism", it is an official legal term in several jurisdictions: for example, 37 US states have (at least partly) adopted the American Bar Association's "Model Nonprofit Corporation Act" [0]. And it isn't just an official legal term in the US, see section 48 of the Australian state of Victoria's Payroll Tax Act 2007, entitled "Non-profit organisations" [1]

[0] https://en.wikipedia.org/wiki/Model_Nonprofit_Corporation_Ac...

[1] https://austlii.edu.au/cgi-bin/viewdoc/au/legis/vic/consol_a...

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