Tag Archives: charity

COVID19: Sheng Siong Supermarket “Spoils Market” for NTUC FairPrice

Sheng Siong supermarket is truly impressive. After announcing an additional one month salary for its employees, it went around neighbourhoods silently giving donations at wakes out of kindness. This is setting the bar way too high for competitor NTUC FairPrice supermarket which is already being accused of raising its prices during COVID-19.

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OXLEY ROAD CHARITABLE DONATION ENOUGH FOR 6 YEARS TAXES?

Did the seller take a charitable donation tax deduction? If so, the estimated tax credit is about $13.2 million (2.5 times tax deduction assuming the highest marginal tax rate of 22 per cent). The seller’s annual salary is reported to be $2.2 million – which would compute to an estimated annual income tax of about $450,000. So, does it mean that the estimated charitable tax credit of about $13.2 million may be enough to pay for about six years (maximum carry forward of five years) of the seller’ income tax?

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PRESIDENTIAL HOPEFUL SALLEH MARICAN IS BOARD MEMBER OF TEMASEK CARES

A member of the Malay Community wrote in about prominent businessman Mohd Salleh Marican's bid for the Elected Presidency. He noted that apart from building up his million dollar empire, Mr Marican also has a charitable heart. He is heavily involved in philanthropic activities and is a founding board member for Temasek Cares, a charitable organisation set up by Singapore's wealth fund GIC Temasek Holdings. PAP member Halimah Yacob was also a founding member together with Mr Marican.

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BABY DIAGNOSED WITH LEUKEMIA NEED DONATIONS FOR TRANSPLANT, PLS HELP IF YOU CAN!

Meet baby Muhammad Noor, he is a 2-year old toddler who unfortunately been diagnosed with Leukemia when he was only 2-month-old. Ever since his childhood was stolen by an illness that no parent wants their child to suffer from. His father is the only caretaker for this innocent child whose mother left him after doctors broke the news to the family. His father lost his job as baby Muhammad Noor requires 24/7 attention and sadly, no other relatives want to step forward and lend a helping hand for this child. I am seeking immediate funds for baby Muhammad Noor for his 3rd transplant.

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