Tickets to the conference cost between $850 and $1,100 - although impoverished startup founders could choose to trade equity in their company for their ticket.

For example, they could donate to a party or particular politician, produce leaflets in support at an election, or support party conference costs.

Migel also made a substantial contribution to the United States share of the conference costs, as did John D. Rockefeller, Jr., and other Foundation friends.

The largest cuts will come in administrative services, including conference costs, weekend and night work, publications, statistical and policy analyses and planning programs to fight poverty and enhance the status of women, the Secretary General said.

The new version is designed to reclaim the tax for these expenses, as well as for expenses incurred for telecommunications charges, legal and other professional fees, trade show and conference costs, and purchases of equipment and product samples.