The Daily Populous

Monday July 10th, 2023 day edition

image for Mormons walk away from major multinational tax evasion scheme

The Mormon Church is significantly reducing its use of a controversial shell company after an investigation revealed it had engaged in alleged serious tax evasion in Australia.

The Church of Jesus Christ of Latter-day Saints, commonly known as the Mormons, set up a tax structure in 2012 that allowed its adherents in Australia to accumulate exemptions worth hundreds of millions of dollars that are not lawfully available to followers of other religions.

Former Mormon Dr Simon Southerton says he hopes the latest development marks the beginning of a regulatory crackdown.

The investigation by this masthead in April 2022 found some of its tax activities could be in breach of Australian tax laws.

Now the Latter-day Saints church, which has repeatedly said it complies with tax laws, has moved to unwind the tax structure.

In Australia, the church has ensured that donations and tithing – neither of which are tax-deductible – are routed through a charitable trust to gain 100 per cent tax deductibility.

Mormons are required to pay 10 per cent of their gross income in an income-deducting practice known as tithing, a significant financial impost on followers. »

Investigation Uncovers More of Clarence Thomas’ Undisclosed Freebies from Wealthy Pals

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But the connections Thomas made through Horatio Alger have benefitted him beyond lavish trips.

Trending The Trillion-Dollar Grift: Inside the Greatest Scam of All Time 'Sound Of Freedom' Is a Superhero Movie for Dads With Brainworms Investigation Uncovers More of Clarence Thomas' Undisclosed Freebies from Wealthy Pals 'Nature’s Ozempic' Has a Pretty Gross Side Effect.

If his dreams were of undisclosed fancy vacations and V.I.P. access, then that’s probably the case. »

Veg box firm Riverford to be 100% staff-owned as founder sells stake for £10m

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The organic vegetable box company Riverford is to become 100% owned by its staff after its founder, Guy Singh-Watson, agreed to sell his remaining 23% stake for almost £10m.

“Founders can hang around too long, and I don’t want to be that person who needs to be told to go.”.

Riverford’s employee ownership deal comes after a tricky few years for the veg box company. »

Jehovah's Witnesses charged with child sexual abuse in Pennsylvania

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Five members of Jehovah’s Witnesses congregations were charged with child sexual abuse by the Pennsylvania’s attorney general on Friday, following a yearslong investigation into allegations of sexual abuse in the religious community.

The cases include alleged sexual abuse of 4-year-old child and a developmentally disabled victim.

In October, the Pennsylvania’s attorney general charged four other members of Jehovah’s Witnesses congregations with child sexual abuse, according to a news release. »