Looks like the power couple are back in the news... sort of, but as usual, there is nothing to see. Move on...
https://news.rthk.hk/rthk/en/compone...6-20190723.htmThe Secretary for Justice Teresa Cheng has stated that she sees no need to declare her shareholding in a recently-listed company owned by her husband Otto Poon.
Reports have speculated that her stake is worth about HK$1.1 billion in engineering firm Analogue, shares of which began trading on the Hong Kong stock exchange earlier this month.
Her office said on Tuesday that she does not have the right to receive benefits of the shareholding such as dividend, and she's not entitled to any shareholders' rights, therefore the secretary believes it's not necessary to declare her stake.
https://twitter.com/rachel_cheung1/s...42790756458496company owns by Secretary of Justice Teresa Cheng's husband Otto Poon, won the tender for Immigration Control System, worth HK$390 million. Services his company provides include biometrics solution.
Was she being unironic?quoting from a Court of Appeal ruling in a case involving Joshua Wong Chi-fung which said "if the individual's rights are over-emphasized at the expense of observing the law, people will easily become self-serving, with little regard for other people's rights and the overall interests of society, so that society is prone to fall into disarray.".”
Graft would be mandatory followed by insider trading, employment and other under the table payments to facilitate competition laws and possible prosecution of political/ business enemies. Nothing has changed since the beginning of time.
Foreign bribes used to be tax deductible in the US for companies- the government just saw it as another cost of doing business in various countries.
Now the companies still pay bribes, they just aren't tax deductible (but probably deduct them anyway as "entertainment expense" or somesuch).