As more and
more chapters get tax exempt status, this will be more and more of
an issue. This issue needs to be worked out ASAP, before over half the money
generated in fund drives goes to chapters instead of directly to the
foundation.
An alternative to this, which Soufron is looking into for me (but he
warns that it will take some months at least) is to get the foundation
itself directly recognized in Europe as having tax exempt status.