Thursday, November 04, 2010

Asian wealthy learn about charity and the big stick

Asian wealthy learn about charity and the big stick: "t may be easy to conclude that Asian tycoons, who by and large have not really grasped the idea of 'giving away' their fortunes, are more miserly than their western counterparts.

There are a number of factors that lead to the apparent stinginess of Asian tycoons and chief among them may be the tax code that discourages philanthropy in most Asian countries."

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