Former Supreme Court Associate Justice Antonio Carpio said that the claim of Marcos’s camp that the payment of the estate tax was suspended because of an agreement with the BIR and the Presidential Commission on Good Government (PCGG) to wait for the outcome of the case pending in the Sandiganbayan is “utterly false”.
“With the current income tax brackets and tax rates, the Philippines effectively imposes the highest personal income tax in the entire Association of Southeast Asian Nations (ASEAN) region.” – Rep. Neri Colmenares
By BENJIE OLIVEROS Bulatlat perspective Despite the Aquino government’s claims to the contrary, there are a lot of things that are terribly wrong now. And the government doesn’t seem to have a comprehensive, integrated plan to address these. What we hear are excuses, justifications, and calls for the people to be patient; what we see…
Letter to the Editor October 27, 2011 It is not enough that the Bureau of Internal Revenue (BIR) upheld the agency’s 2004 decision imposing a 20% final withholding tax on the P24-billion income that investors earned from the Poverty Eradication and Alleviation Certificates or the notorious PEACe bonds. The Caucus of Development NGO Networks (CODE-NGO),…
One of the most renowned mall stores in the country and perhaps in the whole of Asia, the SM super mall is a force to reckon with; but as it started its operations last week, local businesses have raised apprehensions despite praises from some sectors. Is SM really advantageous to the city and province? BY…