Donating to TOC's Terry Xu means giving Lee Hsien Loong a big tax deductionSep 03, 2021 | 🚀 Fathership AI
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