Govt Issues National Security Warning To Charities

"); jQuery("#212 h3").html("

"); });
2021-09-13 HKT 16:05
The government says it will start stripping charities of their tax exemption status if they are deemed to have violated the national security law.
Treasury Secretary Christopher Hui made the announcement in a blog post on Monday, saying the authorities can't allow national security to be jeopardised.
"Promoting public interest through charitable work should of course be encouraged, but we also have to prevent people with ulterior motives from endangering national security in the name of charity," said Hui.
"If any organisation is found to have participated or used its resources to support or promote activities contrary to the interest of national security, we will not hesitate to strip it of its charity status and withdraw its tax exemptions," he warned.
"Our commissioner of inland revenue has to review if there's anything that should be adjusted to fit new situations, and [it would be] only right for him to make amendments according to the national security law."
Hui sidestepped questions from reporters at Legco as to whether the government already has a list of charities to be investigated.
The Tax Guide for Charitable Institutions and Trusts of a Public Character has been amended to include the national security requirement, with Hui saying the changes come into force immediately.
Stripe Launches Terminal In Japan To Bridge Online And Offline Commerce
Stripe, the programmable financial services company, has launched Stripe Terminal in Japan, aiming to help businesses i... Read more
MUFG Bank Invests In AI Firm LayerX, Signs Strategic Partnership
MUFG Bank and MUFG Innovation Partners (MUIP), both subsidiaries of MUFG, have invested in LayerX, a Japanese startup d... Read more
Bosch And Alibaba Expand Partnership On Cloud, AI And E-commerce
Bosch, a global supplier of technology and services, and Alibaba Group have announced an expanded strategic partnership... Read more
MUFG Provides $75M Credit Facility To EarnIn
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial services provider, has announced the completion of a... Read more
35% Of Hong Kong Shoppers Remain Cautious About AI In Retail
Adyen, a global financial technology platform, has released its Adyen Index 2025, highlighting how Hong Kong’s retail... Read more
Japan Post Bank To Launch Digital Yen By 2026
Japan Post Bank announced it will introduce a digital yen by the end of fiscal 2026 to make digital financial transacti... Read more