Bet365 CEO's Charity Saves Tax

This is a news story, published by Guardian, that relates primarily to Denise Coates Foundation news.

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Bet365 group companies

Guardian

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Denise Coates’ charity may have saved Bet365 more in tax than it has given to good causes

Summary

Nutrition label

81% Informative

Companies in Bet365 group have injected 752 m into Denise Coates Foundation since 2013 .

Foundation has donated just over 10% of that sum to causes including hospice, cancer research, the arts and education for disadvantaged people.

Majority of the money given to the foundation has yet to be distributed to good causes.

“For a vast sum of over 700 m to be sitting in an endowment fund not being used for any charitable purpose is wrong, especially when the charity is controlled by trustees who are the same key management of the donor company.” The Coates family did not comment..

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful