What's the Real Purpose of Sg's Megachurches?

[makapaaa]

Mar 16, 2010

Commercial investments

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'Several years ago, banks in Singapore were told to divest their non-core assets so that they would be better equipped to focus on their core business. Religious organisations should be similarly regulated.'
MR CHEE HOONG CHEE: 'In his letter last Thursday, 'Religious groups' commercial deals and tax question', Mr Lester Lam raised pertinent points about commercial investments by religious organisations that derive their revenue from tax-exempt donations. Several years ago, banks in Singapore were told to largely divest their non-core assets so that they would be better equipped to focus on their core business. Religious organisations should be similarly regulated if they expand into commercial activities.'

 

[jimmyfallon]

 

[Einfield]

Man, I never look at it that way before but have to say it is not wrong either.

Actually there are more to it and you can go on and on....