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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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Sat 28 Feb 15 @ 14:33
RT @MadsDaviesDr Nersessian: what is happening today is not on the scale of 1915 but it is a genocide #ArmenianGenocide

Sat 28 Feb 15 @ 14:26
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