“This is highly vulnerable to corruption and it also contains a mechanism similar to a provision of the Disbursement Acceleration Program (DAP) that has been declared unconstitutional by the Supreme Court.” – Kabataan Partylist Rep. Terry Ridon
Tags: CODE-NGO
LTE: Aquino must do more to make CODE-NGO account for the PEACe bonds
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),…