This is from the User’s Guide to a Clean Nominee Bank Account for cash flow that is a specifically recognized category by tax authorities as not being your income
For the purpose to ensure that taxpayers pay the right amount of tax to the right jurisdiction, the Automatic Exchange of Financial Information general rule is that the cash flow is automatically income to the person in command and control of the cash flow. That means that cash flow is your income unless it is specifically recognized category by tax authorities as not being your income.
The freeway to receive funding gross rather than suffering a current tax is the Clean Nominee Bank Account structure because this cash flow is recognized as not income and is a non-reportable financial account ”deemed tax compliant” exempt beneficiary that is not subject to tax’.
Raising capital for projects and investments can be exempt from insurance and securities regulations. In reliance on its permissions and exemptions, the Clean Nominee Bank Account framework will facilitate issuers’ access to new markets streamlining the issuers’ licensing and compliance requirements.
The Clean Nominee Bank Account is not a tax haven, insurance product, company or a personal trust. International recognition is carved out under the Foreign Account Tax Compliance Act (FATCA), carved out under Common Reporting Standard (CRS), Automatic Exchange of Information (AEoI) and specifically mentioned in Double Tax Agreements (DTA) and Intergovernmental Agreements (IGA), unlike banks, law firms, Trusts, LLC’s and insurance companies which are not even mentioned.
Assets held in this Clean Nominee Bank Account are recognized globally as not included in worldwide taxable assets and not subject to any social legislation.