Donating to TOC's Terry Xu means giving Lee Hsien Loong a big tax deduction

Sep 03, 2021 | πŸš€ Fathership

The Online Citizen's editor Terry Xu has been ordered by the High Court to pay Prime Minister Lee Hsien Loong (LHL) S$210,000 on Wednesday (Sep 1) for an article he published in 2019 about LHL's dispute with his siblings over their family home at 38 Oxley Road.

The article was found by the Court to be defamatory, stating that the libel against LHL was "grave and serious".

Fundraiser started by TOC's Terry

On the same day of the court judgement, Terry initiated a fundraiser to appeal for donations from the general public.

As of Thursday (Sep 2), Terry has raised S$71,918.05.

Donations by the public range between S$0.01 to S$3,333.

LHL will be getting a big tax deduction

LHL's press secretary Chang Li Lin told the Straits Times that the PM intends to "donate to charity the damage he has been awarded."

According to the IRAS, outright cash donations to approved charities are fully tax-deductible by 250%. This would mean that the total value of LHL's donations based on the damages awarded is S$525,000 which would be deducted against his taxable income, a princely sum that reduces LHL's overall tax bill.

If you want to be an anti-establishment citizen, go all the way

Would-be donors are better off donating to charities directly.

By giving the Prime Minister tax reliefs, they are going against the spirit of being anti-establishment.

In anarchy-speak, that is hypocrisy and an abomination.

As an anti-establishment activist, donors should see to it that the PM suffer. To do that, donate directly to charities.

We recommend the Cat Welfare Society.

Donations via Paynow: S99SS0144E

S'pore firm develops first Omicron-specific testing kit

Dec 06, 2021 | πŸš€ Fathership
Home-grown biotechnology firm BioAcumen Global has launched Singapore's first Omicron-specific Covid-19 polymerase chain reaction (PCR) kit.

This means that a person taking the test will receive one of three results: Covid-19 positive and Omicron positive; Covid-19 positive and Omicron negative; or Covid-19 and Omicron negative.

Currently, PCR kits here that are capable of detecting Omicron require an additional gene sequencing step to confirm the specific variant. This takes an additional day.

Some PCR kits, such as those currently in use by medical technology firm Acumen Diagnostics and biotech firm MiRXES, are able to detect both the Delta and the Omicron strains, but to confirm if a positive case has been infected by Omicron, gene sequencing is necessary.

Mr Jimmy Toh, director of BioAcumen Global, said: "We are looking at ways to cut down the steps and time needed to run this test. This is crucial, especially at the borders where accurate tests need to be done on-site. There is no time to wait on sequencing results to know if a positive sample is infected with Omicron."

Mass production of the kit has begun, and the BioAcumen Global team hopes this kit will provide much needed help locally and in the region for the surveillance and control of this new variant, Mr Toh said.