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Hong Kong orphanage profits taxed

by Ed Beavan

THE Hong Kong Anglican Church has been ordered to pay $HK180 million (£14.8 million) in tax on profits it made on an orphanage that it redeveloped into a luxury-housing project.

A court upheld a decision by the Hong Kong government and the Inland Revenue Review Board that profits made on the former St Christopher’s Home by the Church had not been used for charitable purposes. The building was redevel­oped in the 1990s, and the Church derived a profit of $HK1.119 billion between ...

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Exposed — the dangers of a group mentality

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Sun 30 Aug 15 @ 19:15
Get your team together and join us at 8pm in #gbooks for the gbooks book quiz. There will be prizes! @greenbelt http://t.co/TseXAgtiSY

Sun 30 Aug 15 @ 18:20
Is it true that marriage is “alive and well” among the rich, but not the poor? http://t.co/bSRzYrzzoi http://t.co/B6Tg6a27mV