Ombudsman probers: Corona wealth up to P677M

Corona to finally take witness stand on May 22

By TJ Burgonio
Philippine Daily Inquirer

Corona to take the stand

Chief Justice Renato Corona may have accumulated a total of P677 million in unexplained wealth, including “more or less” $10 million, from 2001 to 2012, investigators of the Office of the Ombudsman said in a report.

Corona is scheduled to finally take the witness stand at his trial in the Senate impeachment court on May 22 to answer the allegations against him.

The panel of investigators, formed by Ombudsman Conchita Carpio Morales to look into complaints that Corona may have accumulated ill-gotten wealth, summed up their findings as follows:

A net increase of P8,970,980 in Corona’s net worth.

A discrepancy of P36,770,878 in his bank deposits. [Deposits bigger than what’s in his SALN]

Dollar bank transactions of $10 million or P420 million from April 2003 to December 2011.

Peso bank transactions of P242 million from April 2003 to February 2012.

Less the combined income of Corona and wife Cristina of P30,369,120.13, his “total possible unexplained wealth” could total P677,372,738.22, the panel said.

“Analyzing the accumulated wealth of subject Corona for the period 2001-2010 by using the acquisition value of the acquired real assets, and the bank transactions in comparison to the supposed income earned and known income from 2001 to 2011, it is apparent that subject Corona has acquired wealth that is not commensurate to his known income,” the panel said.

In daughters’ name

Travels abroad by the Corona couple and properties registered in the name of their daughters, Ma. Charina and Ma. Carla, were not taken into account.

“The undersigned investigators respectfully submit that the foregoing findings may involve a violation of Republic Act No. 9160 as amended by RA 9194 (the Anti-Money Laundering Act). In addition, the acquisition of wealth of subject Corona appears to be grossly disproportionate to his known income as a public officer,” they said.

Belmonte

Speaker Feliciano Belmonte Jr. furnished reporters a copy of the 20-page memorandum dated May 10, containing the report, forwarded by the panel of investigators to Morales. Belmonte was furnished a copy of the document by the Ombudsman on Friday.

The panel was composed of Christopher Soguilon, Ferdinand San Joaquin, Repicurus Charlo Salcedo, Rholie Besoña and Moses Buzmion.

It reported that Corona had a total compensation income of P27.1 million from 2002 to 2011, while his wife earned an income of P3.2 million as a member of the board of Camp John Hay Development Corp. from 2007 to 2010.

The panel placed the total income of the couple at P30.3 million.

Declared net worth

The investigators observed that Corona’s declared net worth of P13,698,000 in 2001 increased by P1 million in 2002, decreased by P7,608,920 in 2003 and remained the same in 2004.

His net worth increased by P1 million in 2005, by P1.2 million in 2006, by P1,499,000 in 2007, by P1.5 million in 2008, by P2 million in 2009 and by P8,379,900 in 2010.

The net increase in net worth was P8,970,980, the panel said.

As for Corona’s bank accounts, the panel reported these findings:

A PSBank account (Katipunan branch), opened on Jan. 26, 2009, had an opening balance of P2.1 million but had zero balance by the end of 2009.

A PSBank account, opened on Dec. 22, 2009, had an opening balance of P8.5 million and had a yearend balance of P12,580,316.56 in 2010.

A PSBank account, opened on Sept. 1, 2010, had an opening balance of P7,090,099.45 and had a yearend balance of P7,148,238.83 in 2010.

A PSBank account, opened on May 16, 2007, had an opening balance of P2 million. This was closed in October 2008.

A PSBank account, opened on March 4, 2010, had an opening balance of P3.7 million. This was closed in April 2010.

A PSBank account, also opened on March 4, 2010, had an opening balance of P3.7 million. This was closed also in April 2010.

A PSBank account, opened on July 23, 2010, had an opening balance of P7,370,438.65. This was closed in September 2010.

Express Teller checking account with Bank of Philippine Islands (Ayala Avenue, Makati City branch) had a yearend balance of P12,024,067.70 in December 2010.

Discrepancy

“The deposits in BPI and

PSBank are comparatively bigger than what he declared in his SALNs (statements of assets, liabilities and net worth) as cash,” the panel said, pointing out a total discrepancy of P36,770,878.35.

Based on the information obtained by Morales, the panel said it appeared that there were several dollar and peso bank transactions in Corona’s name.

The dollar bank accounts from April 14, 2003, to Dec. 22, 2011, amounted to “more or less $10 million,” while the peso bank transactions from April 16, 2003, to Feb. 9, 2012, totaled “more or less” P242 million, it said.

As for his real properties, the panel said Corona declared five properties in his 2010 SALN, including the sale of two parcels of land to pay the loans for condominium units.

Based on complaints

The panel initiated the investigation based on the complaints of several persons, including Akbayan party-list Rep. Walden Bello, Risa Hontiveros and Harvey Keh, among others, who were seeking a “lifestyle check” on Corona for possible ill-gotten wealth.

But considering that the documents attached to their complaints were newspaper clippings, the panel sought documents from the Office of the President, Supreme Court, House of Representatives Electoral Tribunal, Senate Electoral Tribunal, Senate, Bureau of Internal Revenue, Land Registration Authority, Bureau of Immigration, Securities and Exchange Commission, Department of Trade and Industry, Social Security System, and the Anti-Money Laundering Council (AMLC), among other agencies.

With respect to Corona’s bank accounts, the panel sought the assistance of the AMLC, which required the panel to submit additional documents showing that Corona had committed an unlawful activity that would warrant the filing of an application for bank inquiry with a local court.

But the panel indicated that it was the Ombudsman who eventually obtained these documents from the AMLC. Morales said she asked AMLC for assistance.

May 17, 2012 7:19 am  Tags: ,   Posted in: Corona Impeachment

210 Responses

  1. chi - May 17, 2012 7:46 am

    Horrifying, mindboggling numbers talaga!

    Iniisip ko ngayon kung nagsinungaling o itinagong sadya ni Corona ang masiselang impormasyon sa kanyang defense lawyers. Kasi, nasusukol ng husto ang kanyang depensa at parang natanga sa mga numbers na naiprisinta ni Ombudsman Morales na sila mismo ang nagpatawag.

    Kung alam ng kanyang depensa ang lahat ng impormasyon na kailangan nila kay Corona, marahil iba ang naging strategy o approach nila. Ayan, buking na buking tuloy. Dapat mag-resign na sina Cuevas et al, Ccrona is dragging their good names down with him to the sewer. The thief justice is not worth saving!

  2. chijap - May 17, 2012 8:08 am

    Chi – tuloy daw ang laban. Kasinungalingan lang mga yan!

    Nagdadasal naman sya eh.

  3. chijap - May 17, 2012 8:39 am

    Here’s their battleground:

    “The lead counsel said, ‘Our contention is, we are not under legal obligation to include that in the SALN because the law says so. Why will we have the obligation?’

    ‘It (dollars) cannot be examined, investigated by any person or government authority for that matter. In other words, the grant of confidentiality is absolute. That is our contention. Whether we will be sustained by the court is another story.’”

    http://www.rappler.com/nation/special-coverage/corona-trial/5494-corona-won%E2%80%99t-go-down-without-fight-cuevas

  4. Phil Cruz - May 17, 2012 11:54 am

    Chi, horrifying, mindboggling talaga.

    And yet some technically- legally- minded people shrug it off. It is like the real estate properties daw. Marami daw at first pero na whittle down to a few.

    Go ahead, you legalistic, technical-oriented dudes . Delude yourselves into thinking that the public and the voters are that gullible and stupid.

  5. Phil Cruz - May 17, 2012 12:31 pm

    Quite a few blunders in yesterday’s trial.

    Miriam crashed through the roof making a fool of herself berating the meek mild-mannered witness Harveh Keh. but this was to be expected.

    Then there was Enrile who flew off the handle and threatened the same witness with contempt for giving the controversial envelope to him.

    Enrile berated him and would not even give the gentle Keh the chance to finish his answer as to why he chose Enrile among so many others to submit the envelope to. When finally he was given the chance to explain, he said

    ‘I gave it to you, sir, because I respected and trusted you and your judgment.

    After that statement, I could almost hear Enrile say “I’m sorry, Harveh.” but those words never left Enrile’s proud arrogant and temperamental lips.

    And the third blunder was Jinggoy.

    Whenever he sports a sneer or smirk, you know he has something up his sleeve. This time he was going to make another witness look like a fool. He would prove that the school the witness owned was a lousy one and turned out lousy graduates.

    It turned out one of the students in that school was the son of none other than his fellow senator Bong Revilla.

    Go off half-cocked, and you shoot yourself in the foot.

    Rein in your tempers and your egos, senator, so you don’t look like oafs before nationwide TV.

  6. Lurker - May 17, 2012 1:22 pm

    As many have said before: “people might think you’re stupid if you keep quiet, but when you speak, they’ll know for sure.” ;-)

  7. Rudolfo - May 17, 2012 2:26 pm

    These Senators had forgotten, there power came from the people and by the people, “per the Constitution, Manifesto or Foundation, as a democratic country”..But, when they became Senators, they look like “Lions and Tigers”, wanted to devour a chicken ( as Harvey Keh, representing the people who give them that power, being elected Senators, e.g..some even said,..”gago” or wahh !…very insulting treatment-attitude and shameful of being expected leaders )..I think It is, at the highest time and calling the electorates should learn a lot from the Impeachment procedures..They should “Sacredly Vote properly” and do away of being bought by these type of leaders who think only of themselves, very self-serving attitudes, and disgusting. They never know what is the power of humility..

    To cut short of the Impeachment, it is timely , that Corona should be on the witness stand. We have to wish as sort of, “Karma”, he (CJ) should experience also, the same treatment as what Harvey Keh and others had experience on the shameful attitudes of some of the Senator Judges ( at any rate, the CJ is not elected, but, appointed with doubts ) ?..I guess this will not happen, because most of them are on the same “feather-barometers ” with the head of the SC..lets see and find out, how they will treat, this embattled, ” koronang tinik “, especially to the ( “hunyango”-double faced ) most identified pro-GMA admin Senators, that people knew already..This is a fight likened to David and Goliath !..my penny worth of analysis, for the good of the nation..

  8. dan1067 - May 17, 2012 2:36 pm

    And the third blunder was Jinggoy.

    Whenever he sports a sneer or smirk, you know he has something up his sleeve. This time he was going to make another witness look like a fool. He would prove that the school the witness owned was a lousy one and turned out lousy graduates.

    It turned out one of the students in that school was the son of none other than his fellow senator Bong Revilla.
    HIS BESTFIRIEND’S SON! This time na “wow mali” ang J-unggoy!

  9. MPRivera - May 17, 2012 3:17 pm

    Colossal deception on Corona’s accounts

    http://opinion.inquirer.net/28823/colossal-deception-on-corona%e2%80%99s-accounts

    mahirap itong kuwenta lamang ng engreso sa huweteng ang alam kuwentahin.

    paki-eksplika nga. ‘yung mga henyo dito sa accounting and banking.

    matay ko mang isaisahin ang mga datos ay mauubos pati kilay ko’t balahibo sa kilikili, hindi ko makukuha ang tamang kuwenta!

  10. dan1067 - May 17, 2012 3:45 pm

    Hindi ka lang matitisod malamang matabunan ka pa!

  11. dan1067 - May 17, 2012 4:16 pm

    For a while ang nangyari sa day 39 ng impeachment trial ay pamatay sunog na lang ng depensa kumbaga pang delay. Gumawa sila ng sarswela out of the poor hostile witness in the name of Harvey keh as the “aapihin” at ang mang-aapi syempre si senadora Wah at senador J-unggoy.

  12. MPRivera - May 17, 2012 6:27 pm

    kaya naman pala hindi natitinag si ginoong corona, eh.

    magkano kaya ang tatamaan ng taya niyang ito?

    saan ba siya tumaya? sa bingo? sa huweteng? o sa lotto?

    “……………………..After the mass, he told the farmers: “Tinaya ko na po ang buhay ko para sa inyo. Tinaya ko na ang lahat para sa inyo.””

    http://www.abs-cbnnews.com/-depth/05/17/12/corona-see-you-next-year

  13. chi - May 17, 2012 7:54 pm

    “……………………..After the mass, he told the farmers: “Tinaya ko na po ang buhay ko para sa inyo. Tinaya ko na ang lahat para sa inyo.””

    Kung totoo ang pang-uuto nya sa mga empleyado ng SC, ang kulang na lang kung ganun ay magbang-bang! Pero hindi ito gagawin ni Corona kasi kahit sa impierno ay di nya madadala ang P677+M. Magiging sobrang depress sya dun kahit tinutupok pa sya ng naglalagablab na apoy.

  14. Lurker - May 17, 2012 8:22 pm

    I’m staying home Tuesday to watch how the CJ can wriggle out of this. ;-)

  15. saxnviolins - May 17, 2012 9:28 pm

    Anybody have the AMLC report? Unauthenticated naman di ba? So there will be no violation of the law if we read and comment on it. We will be merely commenting on a hypothetical set of figures. Besides, ang tatamaan ay yung nag-leak hindi yung nagbabasa. We will still be covered by the freedom of speech, and Ellen’s freedom of the press, as interpreted in Bartnicki v. Vopper.

    So sinong may kilala kay Mr. or Ms. Anonymous? Let’s see the report.

  16. chijap - May 17, 2012 10:06 pm

    #13 sana tinaya na rin nya mga dollars nya para sa lahat ng mga magsasaka (di lang Luisita).

    Gusto nya maging hero, nothing can be more heroic than sharing.

  17. arvin - May 17, 2012 10:17 pm

    Dami niyang pera. Resign ka na. Huwag mo ng ipahiya masyado ang sarili mo.

  18. TonGuE-tWisTeD - May 17, 2012 10:19 pm

    Ampootah, kenkoy talaga si Tiglao. Colossal mistake daw yung ginawa ni Morales. Hahaha.

    Kaya pala, meron pang coach si Cuevas nung isang araw dahil huli na nung matunugan nilang meron palang pasabog si Morales.

    Ang game plan lang sana ng Defense ay tatanungin yung mga complainant kung meron silang personal knowledge – inamin namang wala – tapos, kung bakit inimbestigahan ni Morales samantalang “pekeng” Anonymous report lang naman ang attachment ni Harvey sa complaint. Nakakapagtaka nga na nung nagtanong si Atty. Dennis Manalo ng Defense meron na siyang kopya nung personally-delivered report ni Harvey (paano siya nagkaroon nun? hmmm). Akala nila siguro yun din yung hawak ni Morales. Kaya lang binago ni Enrile yung order ng witness at inuna si Morales wala nang impact yung pambubutas nila kay Harvey.

    Nung simulang tanungin si Morales, nabanggit na nito na kumuha siya ng report sa AMLC. PATAY! Nung mapansin nilang magkaiba, itinigil na ang tanong kay Morales at di na inungkat yung hawak niya…hanggang ma cross-exam si Morales ni Atty Bautista.

    Pinigilan nilang mailabas yung report ni Morales pati na yung powerpoint pero huli na. Panoorin ninyo sa video yung mga mukha ng Depensa nung naungkat yung report ng AMLC, akala ko naihi sa pantalon si Tranquil Salvador, pati na yung lungkot ni Quicho akala mo namatayan. hahaha.

  19. Oblak - May 18, 2012 12:03 am

    Ayon sa column ni A. Macasaet, may rumor na nagpakalat ng fake dollar account document ang defense hoping that the Ombudsman will bite. Akala nila yun ang basis ni Ombudsman Morales. The defense truly “misunderestimated” Ombudman Morales. Kaya ng siguro may mga tanong si CUevas na bakit hindi sinabi ni Ombdusman Morales sa letter kay Chief na ang basis ng complaint ay sa AMLC.

    Noon ang mga walang experience na prosecution team tiinuligsa sa kanilang “kapalpakan”. Ngayon ang “kapalpakan” ng mga batikang trial lawyers ng defense team ang namamayagpag.

    Nagdeclare na ako ng half day sa amin sa Martes para panoorin ang pag salang kay Chief. That is, kung hindi sya ma coconfine sa St. Luke’s.

  20. chi - May 18, 2012 12:05 am

    Tongue, asan ang link sa video ng mga nagmukhang tangang depensa?

  21. chijap - May 18, 2012 12:25 am

    #20, if i’m not mistaken nasa day 37 yan.

    eto link sa rappler: http://www.youtube.com/watch?v=ngeBZp3vHlI

    eto link sa gma-7: http://www.youtube.com/watch?v=Q9rRY67GL-Y

  22. chijap - May 18, 2012 12:40 am

    #20, if i’m not mistaken nasa day 37 yan.

    eto link sa rappler: youtube.com/watch?v=ngeBZp3vHlI

    eto link sa gma-7: youtube.com/watch?v=Q9rRY67GL-Y

  23. chijap - May 18, 2012 12:45 am

    Sa second link nasa around 23 minutes yung bakit nauna si Morales.

    Di na makapalag si Cuevas.

  24. TonGuE-tWisTeD - May 18, 2012 12:54 am

    galing mo chijap, ayan na chi me sumagot na.

  25. chi - May 18, 2012 1:13 am

    Salamat sa inyo. You know naman na dependent nyo ako pagdating sa mga bagay na ganire, hehehe!

  26. chijap - May 18, 2012 1:35 am

    Eto na. Defense is rolling out its guns:

    http://newsinfo.inquirer.net/195305/corona-need-not-testify-on-unverified-amlc-report%E2%80%94cpa-lawyer

    Yan yung laban.

    So i go back to Guingona’s question — what about mutual funds? They are not covered by Foreign Currency.

    I do not agree public officials can hide $ accounts.

    The point of you being elected or appointed to public office, you have a special power over ordinary citizen, then you have be transparent of what you have gained.

    If they don’t get it, then in simple words: “with great power; comes greater responsibility.”

    Kung ganun yung BIR natin, no wonder scrupulous people are able to not pay all their dues. Kim Henares needs to recheck Martinez’s clients or region.

  27. Star 1542 - May 18, 2012 1:38 am

    I don’t care whether or not Corona is found guilty, as long as he will be found guilty based on the solid evidence against him, not on the will of Penoy and the people he is using…What is very troubling to me is the action of the Panel of Investigators formed by Ombudsman Morales. Why do they have to publicize their findings which should be treated highly confidential if not secret? Real government investigators are covered by strict rules of confidentiality of what they are doing, especially if they have established a probable cause against the subject, unless there is a court order allowing them to disclose their findings, or under their rules, after the lapse of a certain period, those documents are deemed declassified and by then are allowed for public scrutiny. The Office of the Ombudsman has a very serious ethical problem here. Or in general, the administration of Penoy. My suspicion here is that they don’t have a solid evidence against Corona. They are seeking the help of the public to hate Corona for his alleged ill-gotten wealth based on their public disclosure in order to influence the impeachment court to find him guilty.

  28. parasabayan - May 18, 2012 2:46 am

    Sabi ni Corona, “see you next year”. In other words, this doctor laws and accounting knows that he will not be found guilty! He knew how to hide his stolen wealth.

  29. parasabayan - May 18, 2012 2:50 am

    Ops “this doctor of laws” not “this doctor laws”. I wish the legislators will revise these dollar secrecy laws. It should just be to protect the businessess and not the politicians and government officials who does “monkey” business.

  30. chijap - May 18, 2012 2:51 am

    #27 Sino si Penoy?

    “I don’t care whether or not Corona is found guilty, as long as he will be found guilty based on the solid evidence against him”

    What? So assuming there is solid evidence pero he is not found guilty, ok lang sa iyo?

    You are a winner.

  31. chijap - May 18, 2012 2:55 am

    #29 I humbly disagree.

    We already have too many laws. Very clear naman. Lawyers however play the English, the math (ikaw nga ni Sax), and the logic.

    Assuming what I assume Corona would use to say he did not violate the constitution because the FCDA protects him but he failed to understand why he must willfully include those sa SALN.

    (If does not agree to reveal his $, then he should not join public office).

    or even the officials using whatever laws or interpretation they can find, they have not made their SALN available. That goes to everybody.

    Yun na lang. Clear naman yung batas. Nilalabo lang nila. They interpret it the way they want it read (for their benefit).

  32. duane - May 18, 2012 4:01 am

    Pansinin nyo naman ang isang nagpapapansin!!!

  33. cocoy - May 18, 2012 4:16 am

    Political exercise itong impeachment kay Corona, kung mayroon siyang tagong yaman o wala, nakatatak na sa madlang pipol ang pasabog ni Ombudsman Conchita Morales.illegal man o legal ang pangangalap niya ng ebedensya. She is a credible witness kahit na sa panig ng depensa hostile siya.

    Maaalarma ang mga senator judge dito sa magiging desisyun nila dahil mas matindi pa itong aabangan nilang TV live sa pagharap ni Corona sa witness stand under oath kumpara sa laban ni Pacman.My bet makakuha ng 16 senators to convict him. Iyung hindi bubuto sa conviction ending na ng political career nila. Iyun na ngang tinanung ni Enrile kung sino ang payag ng power point presentation lahat nakataas ang kamay kahit na anong gawing pagtutol ng abugado ang depensa. I convict na nila iyan kasi maaabala na naman sila by December uli kung magsampa ng panibagong impeachment, wala na silang time mangumpanya.Iyung mga mag convict na senator judge mabango sila sa tao.

  34. cocoy - May 18, 2012 4:21 am

    Sino ba ang nagdala kay Ombudsman sa witness stand? Ang depensa, tapus nag boomerang sa kanila.Kay iyan ang nasa isip ng tao. What’s the purpose? panalo na sana kaso ng “Bluff” pa yata sila na may hawak silang Alas, iyun pala lahat ng alas na kay Ombudsman.

  35. cocoy - May 18, 2012 4:27 am

    Sa inaasta ni Cuevas sa pagtatanong na aasar ang tao, para siyang broken record na paulit ulit kahit nasagot na.Gusto pa niyang lituhin si Ombudswoman na magbago ng isasagot.Pate nga si Mirriam ni lecturan pa niya ang dating SC Justice ng constitutional law kuno. Isang left hook ang binitiwan ni Ombudswoman sa kanya na nag signed ng waiver si Corona sa SALN niya (otomatik iyun).Panu nila kontrahin iyun nakalagay sa paragraph ng SALN.

  36. TonGuE-tWisTeD - May 18, 2012 4:32 am

    Si Star 1542 naman. Parang hindi nanonood ng impeachment. Solid evidence ba? Preponderance of evidence? E mukhang sa dami ng lumabas na evidence, parang kailangang beyond reasonable doubt na. hahaha.

    SALN, yun ang number 1. Pangalawa, deed of sale. Yung kay Mang Demet may deed of sale na raw at bayad na kaya hindi na kanila kahit pangalan pa nila nasa titulo, pero yung Bellagio condo hindi kanila kahit may deed of sale na at fully paid, hahaha. Ano ba talaga Ate?

    Yung mga Peso account bakit wala sa SALN? Pwera na ntin yung dollar.

    Sabi nga ni Ellen noon pa, “Corona is finished”.

  37. cocoy - May 18, 2012 4:33 am

    Iyung ginawa ni Harvey Kee ba iyun, agree ako sa kanila na mali ang magdala pa ng mga papers sa Presiding judge, daapat sa proscution niya ibinigay.o magaling iyung huling witness na may ari ng Eskwelahan, hindi ko na matandaan kung ano ang name niya. Hindi naka porma si Cuevas sa kanya.

  38. cocoy - May 18, 2012 4:34 am

    Iyung ginawa ni Harvey Kee ba iyun, agree ako sa kanila na mali ang magdala pa ng mga papers sa Presiding judge, dapat sa proscution niya ibinigay, magaling iyung huling witness na may ari ng Eskwelahan, hindi ko na matandaan kung ano ang name niya. Hindi naka porma si Cuevas sa kanya.

  39. cocoy - May 18, 2012 4:57 am

    Sino ba ang nagsabi na illegal iyung mga iprenesenta ni Ombudswoman Carpio Morales na galing sa AMLAC.. Tinangap na ng mga senador Judge at marked as evidence na, may power point presentation na silang nakita,kung tinutulan sana ng mga Senator judge ang power presentation maari pa akong maniwala na hindi tangap iyun as evidence dahil hindi nila nakita at nabasa.Iyun na lang ang kontrahin ng depensa ngayon kung totoong mayroon nga o sa kanya. He’s brother in Japan Toyota Corona can not testify na sa kanya ang mga bank account dahil wala siyang knowledge, Patay na si Iggy Arroyo.

  40. parasabayan - May 18, 2012 5:10 am

    Cocoy, baka nga si Iggy and nag-deposit at ginamit lang niya yung pangalan ni Corona. Nevertheless, nuong binubusisi na ang mga dollar accounts ni Corona, dapat nag-sign na siya ng waiver para hindi na siya na-Ombudsman. Akala kasi niya, absolute “secret” ang dollar accounts niya kaya nanahimik si Corona. Hindi niya sukat akalain na may mga nagiimbestiga na sa mga deposits niya.

  41. xman - May 18, 2012 7:49 am

    “Estrella Martinez, a CPA-lawyer who served at the BIR for 32 years, said on Thursday Corona was under no obligation to reveal such accounts because of the Foreign Currency Deposit Act (RA 6426). She also cited the Supreme Court’s temporary restraining order preventing the impeachment court from looking into the supposed dollar deposits because of RA 6426.”

    “If Corona violates the TRO, he’s committing a heinous crime. He might be cited for contempt by those who signed the TRO. There are many legal obstacles,” she added.

    “A dollar deposit cannot be declared as assets in the SALN because this will not affect his net worth,” she wrote. “It is of judicial notice that increase in net worth is taxable under Section 24 of the Tax Code, because net worth comprises such acquisition in ‘peso’ only.”

    “Martinez, an expert on SALNs having spent years at the BIR and with a master of law degree in taxation from UP, said foreign currency deposits had “no place in the SALN” because of the strict rules of RA 6426.”

    That would partly explain why, she said in a paper given to the Inquirer, “in all my 32 years as a tax collector, I have never encountered a government official declare his dollar deposits in his SALN.”

    http://newsinfo.inquirer.net/195305/corona-need-not-testify-on-unverified-amlc-report%E2%80%94cpa-lawyer

  42. Phil Cruz - May 18, 2012 11:02 am

    This BIR cpa/lawyer is definitely stupid. Just because no foreign deposit account has been reported by government officials in the past, it doesn’t mean it is right. Jeeezz.

  43. cocoy - May 18, 2012 11:52 am

    Who earned a dollar salary in the government of the Philippines?

  44. xman - May 18, 2012 3:21 pm

    Based on Foreign Currency Deposit Act (RA 6426) you don’t need to pay taxes on it. This does not apply to government officials only.

    I remember family friends who retired in Philippines. They open an account at Chase in Makati. All their dollar pensions went to that account and they never paid taxes on it.

    So, Pacquiao does not really need to pay taxes on what he earned in US dollars unless he converted that to pesos when he buys properties in Philippines. If I were Pacquiao, I will hire her as my lawyer.

  45. xman - May 18, 2012 3:33 pm

    …..they opened an account at Chase……

    Yes, Corona has a dollar account/s. Did he violate the law on SALN by not declaring his dollar account? NO.

    Did Corona violate the tax laws of the Philippines by not paying taxes on it? NO.

    Acquit Corona, that’s the law!

  46. xman - May 18, 2012 3:41 pm

    Did Corona violated the tax laws.,,,,,

  47. manuelbuencamino - May 18, 2012 4:22 pm

    #43 – liwanagan mo pag-iisip mo.

    1. “I remember family friends who retired in Philippines. They open an account at Chase in Makati. All their dollar pensions went to that account and they never paid taxes on it.” – eh siempre walang tax yun kasi tinax na yun sa america. meron tayong tax treaty with the US about that. Basahin mo!

    2. “So, Pacquiao does not really need to pay taxes on what he earned in US dollars unless he converted that to pesos when he buys properties in Philippines.” Pacquiao does not have to pay taxes in the Philippines if he already paid US taxes for what he earned in the US. He also does not have to pay taxes if he converts those dollars into pesos. Sino ba ang nagtuturo sa iyo na mga maling impormasyon na yan?

  48. dan1067 - May 18, 2012 4:38 pm

    Did Corona violate the tax laws of the Philippines by not paying taxes on it? NO.

    Acquit Corona, that’s the law!

    MISLEADING your honor!

  49. xman - May 18, 2012 5:53 pm

    #43

    “The bureau last month filed a criminal case against Pacquiao for failing to submit proper documents about his earnings from boxing matches…..”

    http://sports.inquirer.net/38975/government-stands-firm-in-pacquiao-tax-spat

  50. xman - May 18, 2012 5:54 pm

    It is for #46, not #43

  51. xman - May 18, 2012 6:05 pm

    #46

    The tax treaty was designed primarily about corporate taxes.

    Show me a quote in tax treaty that because you already paid taxes in US, thus, you don’t have to pay taxes in the Philippines. Specifically, show me a quote or similar quote on that tax treaty that basically says pensions (in dollars) are not taxable in Philippines because taxes was already paid in US.

    http://webcache.googleusercontent.com/search?q=cache:3gW_fzrIEKsJ:law.upd.edu.ph/plj/images/files/PLJ%2520volume%252058/PLJ%2520volume%252058%2520third%2520quarter%2520-05-%2520Rolando%2520V.%2520Medalla,%2520Jr%2520-%2520The%2520Income%2520Tax%2520Treaty%2520between%2520the%2520Philippines%2520and%2520the%2520United%2520States.pdf+tax+treaty+of+us+and+philippines&cd=6&hl=en&ct=clnk&gl=us&client=firefox-a

  52. TonGuE-tWisTeD - May 18, 2012 7:19 pm

    Bago kayo gumawa ng legal conclusion, magbasa naman muna kayo ng mga batas. Susmaryosep!

    1987 CONSTITUTION
    ARTICLE XI – ACCOUNTABILITY OF PUBLIC OFFICERS

    Section 13. The Office of the Ombudsman shall have the following powers, functions, and duties:

    (5) Request any government agency for assistance and information necessary in the discharge of its responsibilities, and to examine, if necessary, pertinent records and documents.

    Section 17. A public officer or employee shall, upon assumption of office and as often thereafter as may be required by law, submit a declaration under oath of his assets, liabilities, and net worth. In the case of the President, the Vice-President, the Members of the Cabinet, the Congress, the Supreme Court, the Constitutional Commissions and other constitutional offices, and officers of the armed forces with general or flag rank, the declaration shall be disclosed to the public in the manner provided by law.
    ******************************
    RA 3019 – Anti-Graft and Corrupt Practices Act

    Section 7. Statement of assets and liabilities. —

    Every public officer, within thirty days after assuming office, thereafter, on or before the fifteenth day of April following the close of every calendar year, as well as upon the expiration of his term of office, or upon his resignation or separation from office, shall prepare and file with the office of the corresponding Department Head, or in the case of a Head of department or Chief of an independent office, with the Office of the President, a true, detailed sworn statement of assets and liabilities, including a statement of the amounts and sources of his income, the amounts of his personal and family expenses and the amount of income taxes paid for the next preceding calendar year: Provided, That public officers assuming office less than two months before the end of the calendar year, may file their first statement on or before the fifteenth day of April following the close of the said calendar year.
    *********************************
    RA 6713 – CODE OF CONDUCT AND ETHICAL

    STANDARDS FOR GOVERNMENT OFFICIALS AND EMPLOYEES

    Section 8. (A) Statements of Assets and Liabilities and Financial Disclosure. – All public officials and employees, except those who serve in an honorary capacity, laborers and casual or temporary workers, shall file under oath their
    Statement of Assets, Liabilities and Net Worth and a Disclosure of Business Interests and Financial Connections and those of their spouses and unmarried children under eighteen (18) years of age living in their households.

    The two documents shall contain information on the following:

    (a) real property, its improvements, <B.acquisition costs, assessed value and current fair market value;

    (b) personal property and acquisition cost;

    (c) all other assets such as investments, cash on hand or in banks, stocks, bonds, and the like;

    (d) liabilities, and;

    (e) all business interests and financial

    connections.

  53. TonGuE-tWisTeD - May 18, 2012 7:30 pm

    Tax treaty ng US ang basehan ng income tax?

    Kaya kayo nagugulo kasi di ninyo iniisip na hindi pwedeng iimplement dito yung tax na base lang sa Treaty.

    Bibigyan kita hanggang 10:00 PM para magresearch at sagutin ako.

  54. saxnviolins - May 18, 2012 7:43 pm

    46 and 50

    You do not need to refer to any tax treaty. Income is taxed in situ (at the place where it is earned). So income earned in the US is taxed in the US. Income earned in the Philippines is taxed in the Philippines, regardless of your citizenship.

    So ang Pinoy na taga New Jersey, na tumatawid sa Manhattan, para magtrabaho, only pays the State income tax of New York. For Jersey purposes, his income is zero. Wala siyang kinita sa Jersey.

    Kaya maraming credit cards, kahit main office ay nasa Manhattan, pinama-mail sa Delaware ang bayad, dahil walang state tax sa Delaware.

    Similarly, magtayo ka ng sales company sa Bahamas. Now you can buy in the US, and sell to your Bahamas office. Now you can sell to the Philippines, FOB Bahamas (delivery is complete when loaded at the port). So saan ang tax situs? Bahamas. Sorry Kim Henares. Wala kang tax.

    So nasaan ang assets ng google? For tax purposes? In the Netherlands (the new Cayman Islands).

    Legal yan. It is called tax avoidance, not tax evasion.

  55. saxnviolins - May 18, 2012 8:20 pm

    Kung ang pera mo is pure “pension” (social security benefits), it is not taxed. It will be taxed if you have “combined income” of social security benefits plus wages (kung retired ka na, pero nagtratrabaho pa, like my Dad).

    http://www.ssa.gov/planners/taxes.htm

    Yung nasa PI, presumably, hindi na nagtratrabaho. So there is no tax bite from the IRS.

  56. chi - May 18, 2012 8:59 pm

    Kapag ipinadala sa Pinas from the US or anywhere else overseas ang pera, converted sa peso walang tax, ang binabayaran ay service fee lang ng mga banko. Di ba?

    Kapag NAMALAGI na sa Pinas bank ang pera, may tax na dahil sa interes na ang tawag ay income. Di ba?

    So, I can’t see why Pakyaw or Corona should not be taxed at all, ang pera nila ay nakahimlay sa mga banko ng Pinas at tumutubo ng malaking interes. Therefore, meron silang income from their money in the banks.

    They don’t want to be taxed, ilagay nila sa buho ang kanilang pera.

  57. xman - May 18, 2012 9:20 pm

    #52
    Bibigyan kita hanggang 10:00 PM para magresearch at sagutin ako…..hahahhaaa

    Eh, yong number #46 ang nag umpisa tungkol jan sa tax treaty hindi naman ako. Nagtataka nga ako kung bakit binanggit niya ang tax treaty dahil primarily tungkol yon sa corporate taxes.

    Syempre, may mga deals din ang mga multi-national corporations sa Pinas tungkol sa mga tax breaks.

  58. xman - May 18, 2012 9:22 pm

    #53

    “You do not need to refer to any tax treaty. Income is taxed in situ (at the place where it is earned). So income earned in the US is taxed in the US. Income earned in the Philippines is taxed in the Philippines, regardless of your citizenship.”

    I have a relative, who is a US citizen, worked in Iraq. The IRS collected taxes from him for two years but after that IRS did not require him to pay taxes anymore.

    xxx

    “Similarly, magtayo ka ng sales company sa Bahamas. Now you can buy in the US, and sell to your Bahamas office. Now you can sell to the Philippines, FOB Bahamas (delivery is complete when loaded at the port). So saan ang tax situs? Bahamas. Sorry Kim Henares. Wala kang tax.”

    May tax pa rin si Henares na makukuha. Halimbawa, katulad ng mga corporations ng China na nagbebenta ng mga sapatos. Pagpasok pa lang sa custom e may taga na agad si Henares o yong mafia sa custom. Pag ibenenta yon sa Mall of Asia at nabili ng customer eh may taga na naman si Henares don.

    Ang Bahamas ay may taxes din doon pero maliit lang parang 3% lang. Sa US ang corporate taxes ay parang 35% plus state tax at kung ano ano pang tax kaya halos umabot ng at least 40%.

  59. xman - May 18, 2012 9:38 pm

    #55
    According to tax collector expert, Ms. Martinez, dahil sa section 24 ng Philippine tax code na kapag nasa dollar account ang pera mo ay hindi taxable dahil ang consider na taxable ay yong nasa “pesos” value only.

    Narinig mo ba si Kim Henares na e dedemanda ng BIR si Corona dahil mayroon syang dollar account na hindi nya ideneklara sa tax nya? Wala! dahil alam ni Kim Henares na hindi taxable ang dollar account at protected yon ng Foreign Deposit Currency Act (RA 6426).

  60. saxnviolins - May 18, 2012 10:06 pm

    Mali naman yang Martinez na yan.

    Foreign currency deposits are taxed 7 1/2 percent of the interest income, under Section 24 (b). Read the law. Ingles lang naman. Yung opinions, take them with a pinch of salt. Make that sea salt, para walang high blood.

    Maaaring exempt si Corona dahil yung pera niya parked as a “deposit substitute”

    Provided, further, That interest income from long-term deposit or investment in the form of savings, common or individual trust funds, deposit substitutes, investment management accounts and other investments evidenced by certificates in such form prescribed by the Bangko Sentral ng Pilipinas (BSP) shall be exempt from the tax imposed under this Subsection

  61. saxnviolins - May 18, 2012 10:07 pm

    Bakit ang bait niyang tax collector na yan sa taxpayer? Maybe because, in the words of Macoy, the taxpayer knows how to reciprocate.

  62. chi - May 18, 2012 10:33 pm

    Ganun din if the person opted to deposit in dollar accounts. Basta nakaprenda sa banko ng Pinas, dapat i-tax ang income from the interes. Alangan naman na hindi kumikita ng interes ang dolyares nila.

  63. chi - May 18, 2012 10:37 pm

    “Deposit substitute”? Dapat i-klaro ni Corona yan kung may tuntunin ang Central Bank na exempted sya sa bayaran ng tax. Kung ganun, bakit kelangan pa nya na ikatanggi-tanggi ang kanyang $$$ deposits, maari naman palang legal? Baka hindi kanya.

  64. Jake Las Pinas - May 18, 2012 11:01 pm

    Coronas problem is not the tax on the dollar deposit but the principal. Where did he get the dollars from? Corona should explain where he got the dollars from. Since the cat is out of the hat and he tries to hide using the our dollar laws then it wont look good for him.

  65. manuelbuencamino - May 18, 2012 11:15 pm

    #48

    “The bureau last month filed a criminal case against Pacquiao for failing to submit proper documents about his earnings from boxing matches…..”

    FOR FAILING TO FILE PROPER DOCUMENTS ABOUT HIS EARNINGS FROM BOXING MATCHES!

    Mahirap bang intindihin yun?

    Pacquiao is not being dunned for taxes, not yet anyway.

    Humihingi lang ang BIR ng documento na magpapaliwanag kung bakit biglang nagbago ang tax declaration ni Pacquiao. Pacman will be sued for tax evasion kung hindi niya mapaliwanag.

  66. manuelbuencamino - May 18, 2012 11:19 pm

    #52,

    Tax treaty with US is not the basis. shothand ko yun. What I was referring to is double taxation. Kung nagbayad ka na ibang lugar di mo kailangan magbayad ulit dito. Patunayan mo lang, di ba?

  67. chi - May 18, 2012 11:22 pm

    Corona is not hunted because of his mindboggling $$$ assets. It is the non-declaration of his BIG $$$ and some BIG assets in Pinas in his SALN.

  68. manuelbuencamino - May 18, 2012 11:23 pm

    #57.

    Pagpasok sa customs ang duties etc. a pumupunta sa customs. Kay Biazon.

    Pagbinenta mo sa mall of asia yun vat atbp ay pupunta sa BIR. Kay Kim Henares.

    Iba ang customs at ang BIR. Iba ang kinokolekta na bawat ahensyang yun. Hindi mo ba alam yun?

  69. chi - May 18, 2012 11:29 pm

    #65. mb. I am with you re double taxation. We sold a property in Pinas and transferred the proceeds to our current residence abroad. Our tax preparer asked us for documents that we already paid the tax in Pinas. We were not taxed anymore.

    Kung walang itinatago si Pakyaw, ang daling mag-prisinta ng ducument, if there is.

  70. xman - May 18, 2012 11:30 pm

    #65
    Double taxation?

    Subukan mong bumili ng kotse sa America siguradong may tax yon. Pagkatapos ay dalhin mo yon dito sa Pinas? Ipakita mo sa custom na binayaran mo na ang taxes doon sa Tate? Palagay mo kaya ay sasabihin sa yo ng custom ay hindi ka na kailangang magbayad ng tax sa Pinas dahil nagbayad ka na sa Tate?

  71. xman - May 18, 2012 11:34 pm

    Ahhh….ang customs ay duties and kinokolekta noon at hindi taxes…..hahhahahaa

  72. manuelbuencamino - May 18, 2012 11:35 pm

    #58

    Dati meron akong dollar at euro accounts. Dati lahat ng FCDU tax free pero pinalitan nila ang batas at naglagay sila ng 7 1/2 ayun na nga kay saxnviolins. Nung bumaba ang interest savings at kinargahan pa ng tax naginvest ako sa mga dollar/euro denominated ROPs. Ang interest nung mga notes na yun ay tax-free. Ewan ko lang ngayon kung pinalitan na. Yan Martines mo, 32 years sa BIR hindi pa din alam kung ano ang pinagsasabi niya.

    “hindi taxable dahil ang consider na taxable ay yong nasa “pesos” value only.” Waaah? Basahin ni Martinez ang batas! 7 1/2 percent ang witholding sa dollar or euro value ng pera.

    Okey, one more time. Interest on FCDU accounts are taxable at the rate of 7 1/2 percent. Dollar/euro denominated ROP bonds are tax free.

  73. manuelbuencamino - May 18, 2012 11:38 pm

    #68

    Thanks chi. Ang tigas kasi ng kokote ng mga adviser ni Pacquiao. Mukhang nagkamali sila sa pagdeklara dito at pinagtatakpan nila ngayon kasi tiyak bugbog sila kay Pacquiao kung lumabas na nag evade siya ng taxes.

  74. xman - May 18, 2012 11:39 pm

    Taxable lang yon ng 7 1/2% kung short term pero kung long term deposit ay walang tax..

    Magbasa ka naman….o baka shorthand mo na naman yan katulad ng treaty mo…..hahhaahahhaa

  75. vic - May 18, 2012 11:41 pm

    oblak @ 19…Nagdeclare na ako ng half day sa amin sa Martes para panoorin ang pag salang kay Chief. That is, kung hindi sya ma coconfine sa St. Luke’s.

    that’s funny if this man under investigation by the Province Parliament Account committee in an alleged Scandal uncovered by the Toronto Star investigation under the Access to Information Act. learned that trick from the St. Luke.s…His Lawyer relayed a Message that he is Unfit to testify as certified by TWO Psychiatrists…A Warrant of Arrest has been Issued to forced him to testify and the Committee may have to Sit Down after the year session is closed (Be Closing in Two Days) to continue the Inquiry…The Provincial Police is also doing its Criminal Probe on the Allegations…It is the Non-Profit Air Ambulance Service Founded by a Physician and is funded by the Provincial Government that was in existence for less than 6 or so years…

    the Star investigation was prompted by complaints that many patients within the province been waiting Long for the Air Ambulance and sometimes there was None available…the Scheme as alleged was quite complex…Thanks to the Media people…this one is quite another one of the Big Score for the Star…

    http://www.thestar.com/news/canada/politics/article/1180297–second-legislative-warrant-to-be-issued-for-ornge-founder-chris-mazza

  76. manuelbuencamino - May 18, 2012 11:44 pm

    #60 and 70.

    Nakita mo naman pala ang diperensyasa duties at taxes.

    Ang itanong mo ay ito kay Martinez ay ito- kung nagpasok ka ng kotse dito sa Pilipinas mula sa US at binayaran mo ang duties tapos nagpunta ka sa US at dinala mo yun kotse mo dun tapos nung bumalik ka sa Pinas ay dala mo ulit ang mismong kotse, kailangan mo ba magbayad ng duties at taxes ulit?

  77. TonGuE-tWisTeD - May 18, 2012 11:45 pm

    Hahaha ngayon lang ako nagbigay ng time limit to answer tapos late naman ako.

    Kaya lang halos sinagot na sax.

    To settle disputes governing taxable transactions, you refer to the Tax Code, not some treaty.
    *******
    Sa Transfers of money of any currency meron yang tax. Documentary Stamp Tax. Mga P15.00 for every hundred dollar. Yan yung binabayaran ko pag nagconvert to cash ako sa broker ko. Pag tanggap ko sa bangko, automatic na yung deduction. Kung sa Western Union, I get the dollars and pay in pesos.
    *******
    Deposit substitute – if you remember me discussing it here lengthily, naging grey area nung sabihin ni Henares na taxable yung long-term bond na “Zero Coupons” malinaw naman sa Tax Code na deposit substitute are exempted from tax.

    In Corona’s case, it appears na walang tax-exempt long term bond dahil halos lahat ng investment ay halos 1 month lang ang binibilang.

  78. manuelbuencamino - May 18, 2012 11:51 pm

    #73

    Savings account 7 1/2 percent. ROP tax free. Walang connection kung gaano katagal ang term ng papel. Pwede akong bumili ng ROP bukas, hawakan ko ng isang linggo at ibebenta ko at walang tax yun one week ineterest nun.

    Yan short term deposit at long term deposit walang ibig sabihin yan kung hindi mo i-identify kung ano bang klaseng account ang pinaguusapan mo.

    Magbasa ka. O di kaya magpunta ka sa bank at magtanong ka tungkol sa iba-ibang klasen produkto nils. Hindi sila maiistorbo. Okay lang, sanay sila sa mga ignorante.

  79. xman - May 18, 2012 11:53 pm

    #75

    Ang custom duties ay taxes, period. Kahit mag tanong ka pa sa UP.

    Ang sabi mo ay tungkol sa “DOUBLE TAXATION”?

    “What I was referring to is double taxation. Kung nagbayad ka na ibang lugar di mo kailangan magbayad ulit dito. Patunayan mo lang, di ba?”

    Tinaks na once sa Tate, first tax yan. Pagdating sa Pinas ay tinax uli, second tax yon o double taxation.

    Kaya yong pinagsasabi mo na nagbayad ka na sa Tate ay di na magbabayad uli sa Pinas dahil double taxation yon.

  80. vic - May 18, 2012 11:55 pm

    @ 74 and the amount of money alleged to have been involved in this “Scandal” that everyone including just about every Politicians, oppositions and in Government alike was some $ 7 millions and also the High salaries the Officials of the Air Ambulance paid themselves (all of them were either fired or resigned while the Police Probe and the Legislative Inquiry are both going on parallel to each other)…that even less than the alleged $$ account of Corona Alone…peanuts…but one MPP said (read the last Paragraph of the Link…she said something like beyond proportions)

  81. xman - May 18, 2012 11:56 pm

    Kaya mali yong pinagsasabi mo na nagbayad ka na sa Tate ay di na magbabayad uli sa Pinas dahil double taxation yon.

  82. saxnviolins - May 18, 2012 11:59 pm

    That is the problem of the prosecution as well. Their articles of impeachment did not include a charge for corruption. Their charge is for violation of the graft and corrupt practices act, specifically, Section 7 (non-inclusion of certain assets in the SALN).

    So corruption is not in play for this impeachment, which is why Corona says, see you next year.

    RA 3019 defines “corrupt practices” in Section 3. There are ways of being corrupt – asking for a commission, etc. That method of corruption must be proved (after a proper allegation) by the prosecution. The prosecution, if at all, only proved the existence of certain assets. It did not prove that they were obtained by way of corruption.

    E papaano nakuha? But “papaano nakuha” is not evidence.

    The presumption that the wealth is “unexplained” not ill-gotten as defined in Section 7, only applies in a civil case for forfeiture. That is expressly stated in the law (RA 3019 and RA 1379). So the prosecution cannot say “hindi mo maipaliwanag, so tiyak na nakaw”.

    Like I keep repeating, the facts proven have to fit into two bases for removal (1) culpable violation of the Constitution, and/or (2) betrayal of public trust. Maybe, it is both, based on the viewpoint of some.

    So clearly, labanan na lang ng legal interpretation ito. The mindboggling amounts will not move a stickler for the rules like Enrile.

    You may agree or disagree. Many will mouth the line of katotohanan versus technicality, or common sense versus legal mumbo-jumbo. But there are many lawyers among the senators, and that should be factored in when making any closing arguments for either side.

    Tao ang magpapasya sa election, some keep saying. And that the senators will factor this in, when they vote. But the votes in this impeachment seem to have been discounted as a basis for the senatorial elections. Note the surge of Jackie Enrile, and the slide of the prosecution team in the surveys (kulembot lahat – Angara limping in at 12th).

    Tapos na halos ang fireworks – the entertainment side of this trial. Now comes the substantive part of the job. The scholarly pleadings to argue for or against a certain interpretation of the Constitution, or the unscholarly gapangan.

    I will bet on the pleadings. This is one for history. It will be remembered longer than the vote on the US bases.

    Mas malaki ang ego ng mga senador kaysa bulsa nila.

  83. saxnviolins - May 19, 2012 12:03 am

    Ang bagal kong mag-type. Tumalon na pala ang post count. My 81 is in response to 63.

  84. xman - May 19, 2012 12:07 am

    #77
    Repost to galing kay sax:

    “Provided, further, That interest income from long-term deposit or investment in the form of savings, common or individual trust funds, deposit substitutes, investment management accounts and other investments evidenced by certificates in such form prescribed by the Bangko Sentral ng Pilipinas (BSP) shall be exempt from the tax imposed under this Subsection”

    Ito naman ang sabi mo:

    Yan short term deposit at long term deposit walang ibig sabihin yan kung hindi mo i-identify kung ano bang klaseng account ang pinaguusapan mo.

    Lumalabas lalo ang katangahan mo sa field ng accounting. Ang bangko o BIR ay hindi mo kailangang e identify mo sa kanila kung alin sa financial instruments ang long term at short term dahil automatic na e ka classify nila na kapag over one year na ang account ay classified as long term.

  85. chijap - May 19, 2012 12:08 am

    So Sax, what is your prediction?

  86. chijap - May 19, 2012 12:11 am

    Wow, datinglalaki calling sax “katangahan mo sa field ng accounting.”

    Baligtad na nga ang mundo.

  87. chijap - May 19, 2012 12:12 am

    i meant tongue not sax.

  88. xman - May 19, 2012 12:15 am

    Ang may katangahan sa field ng accounting na tinutukoy ko ay yong number #77 poster, hindi si tongue o sax.

  89. TonGuE-tWisTeD - May 19, 2012 12:18 am

    Kainis, walang magpautang ng FB IPO! Dinamihan na ng shares, wala namang mabili. It’s madness.

  90. saxnviolins - May 19, 2012 12:30 am

    88

    May correction naman lagi ang market. Bumili ka na lang sa correction, tiyak na mas mababa pa. You buy now, baka masambot mo ang tuktok.

  91. TonGuE-tWisTeD - May 19, 2012 12:38 am

    Wrong forum. Nalito na ako.

  92. saxnviolins - May 19, 2012 12:40 am

    84

    Read tribune’s interview of Jackie Enrile. 13 – 7 daw ang score, 13 to convict, 7 to acquit. Mas mahirap ang laban ng prosecution, tatlo ang gagapangin, against Corona’s one.

    Maaaring nagpapakipot ang tatlo, for more favors, or money, or both.

    I want to hear the closing arguments; how the legal issue is treated. Then I will hazard a guess.

  93. TonGuE-tWisTeD - May 19, 2012 12:47 am

    sax, Sabi ng broker ko marami raw balak mag-short. Kaso walang magpautang at $38. Paano pa sila magso-short pataas na sigurado. Tado tong bagong broker ko a. Igigisa ako sa sarili kong mantika. May sakit kasi yung barkada ko e. Kainis talaga di ako naniwal dun sa IPO ng LinkedIn, doble sana agad.

  94. TonGuE-tWisTeD - May 19, 2012 12:50 am

    Totoo nga, maraming nag-short from opening bell to lunchtime pero eto pataas na to. Up 7.57% ($40.88).

    http://finance.yahoo.com/q?s=fb&ql=1

  95. saxnviolins - May 19, 2012 1:04 am

    Buy the rumor; sell the fact.

    It opened at 42, made a low of 38. Still trading at 41. Kumita na ang daytrading shorter.

    Hindi na naulit ang day high of 45. Resistance at 41.30. Bagsak yan sa closing.

    Bumili ka na lang sa correction; probably at a Fibonacci figure.

  96. TonGuE-tWisTeD - May 19, 2012 1:09 am

    Pasok na ako @40.20

  97. TonGuE-tWisTeD - May 19, 2012 2:32 am

    INC ‘lobbying’ for Corona acquittal

    http://goo.gl/VagRD

    Tangina talaga. Nakikisawsaw na naman.

  98. chi - May 19, 2012 4:21 am

    AMLC documents presented by Mrs. Morales authentic, Amlc official said.

    http://www.gmanetwork.com/news/video/120357/amlc-mga-dokumento-ng-dollar-accounts-ni-cj-corona-authentic

  99. chijap - May 19, 2012 4:23 am

    @sax @tongue, FB close at $38.37 day / $38.12 after closing.

    NOT a good day for Zuck.

  100. baycas2 - May 19, 2012 4:32 am

    PAKUWENTO NAMAN DIYAN

    Alam na ho ng mga magagaling at mga matatalino sa Kongreso at sa BIR na ang mga tumatakas (evading) sa buwis ay:

    Una, itinatago ang “acquisition cost”, at…

    Ikalawa, inilalagak ang salapi sa perang dolyar o sa iba pa liban sa piso.

    Bakit, ‘ika n’yo? Ha, Aling Estrella?

    Ganito ho kasi ‘yon…

    Noon, o marahil sa tuwing, panahon ng “tax amnesty”, ito ang ipinagagawa ng batas:

    SEC. 3. What to Declare in the SALN. — The SALN shall contain a declaration of the assets, liabilities and networth as of December 31, 2005, as follows:

    1. Assets within or without the Philippines, whether real or personal, tangible or intangible, whether or not used in trade or business: Provided, That property other than money shall be valued at the cost at which the property was acquired: Provided, further, That foreign currency assets and/or securities shall be valued at the rate of exchange prevailing as of the date of the SALN;

    2. All existing liabilities which are legitimate and enforceable, secured or unsecured, whether or not incurred in trade or business; and

    3. The networth of the taxpayer, which shall be the difference between the total assets and total liabilities.

    - R.A. 9480

    At ito naman ang reglamento nito para maipatupad ang batas:

    SEC. 8. Contents of the SALN. – The SALN shall contain a true and complete declaration of assets, liabilities and networth of the taxpayer as of December 31, 2005, as follows:

    1. Assets within or without the Philippines, whether real or personal, tangible or intangible, whether or not used in trade or business:

    a. Real properties shall be accompanied by a description of their classification, exact location, and valued at acquisition cost, if acquired by purchase or the zonal valuation or fair market value, whichever is higher, if acquired through inheritance or donation;

    b. Personal properties other than money, shall be accompanied by a specific description of the kind and number of assets (i.e. automobiles, shares of stock, etc.) or other investments, indicating the acquisition cost less depreciation or amortization, in proper cases, if acquired by purchase, or the fair market price or value at the time of receipt, if acquired through inheritance or donations;

    c. Assets denominated in foreign currency shall be converted into the corresponding Philippine currency equivalent, at the rate of exchange prevailing as of December 31, 2005; and

    d. Cash on hand and in bank in peso as of December 31, 2005, as well as Cash on Hand and in Bank in foreign currency, converted to peso as of December 31, 2005.

    2. All existing liabilities which are legitimate and enforceable, secured and unsecured, whether or not incurred in trade or business, disclosing or indicating clearly the name and address of the creditor and the amount of the corresponding liability.

    3. The total networth of the taxpayer, which shall be difference between the total assets and total liabilities.

    - Department Order No. 29-07, August 15, 2007, RULES AND REGULATIONS TO IMPLEMENT REPUBLIC ACT NO. 9480

    Hmm, ano kan’yo, Aling Estrella?

    Ah, oo, ang sabi n’yo hindi naman kasi nangyayari sa tunay na buhay ‘yan. ‘Pag may “tax amnesty” lang ipinatutupad ‘yan…

    Aah, siyanga ano…Tama po kayo, Aling Estrella. Ganyang-ganyan nga pala ang ginawa ni Mang Renato.

    Itinago NIYA ang “acquisition cost” at itinago NIYA ang yaman sa dolyar…at may euro pa yata, hane?

    Ha, ano pa ho ang sabi n’yo?

    Bilang CPA-lawyer po kayo alam n’yong wala namang batas na nalalabag ang istilo ni Mang Renato.

    Aah, ang tawag pala kan’yo diyan ay “TAX AVOIDANCE“?

    Hmm, kaya pala ipinagpipilitan ni Mang Renato na wala siyang kasalanan at ipagsisiksikan niya ang sarili bilang Punong Mahistrado.

    Kung sabagay, alam na alam rin naman ng mga mambubutas, este, mambabatas natin ang ganiyang kalakaran.

    Naghihintay lang naman pala si Mang Renato ng susunod na “tax amnesty” bago niya ideklara ang kaniyang mga ari-arian.

    O sige, Aling Estrella, napagpaliwanagan n’yo na ho ako…ng makaluma at baluktot ninyong daan sa BIR noon.

    Sige po ha, parating na si Ate Kim…mukhang wala raw yatang “tax amnesty” hanggang 2016. Siya naman ang kakausapin ko tungkol sa pagtutuwid nila ng dati n’yong daan.

    Siyanga pala, Aling Estrella, kapag ‘di pala na-”convict” si Mang Renato…kung sakali lang naman

    Baka may “tax amnesty” na sa 2017 o 2018. Balita ko ho matunog at matatag ang Binarroyo…

    Salamat ho sa kuwento…

    —–
    Ang mga pinagmulan:

    http://www.lawphil.net/statutes/repacts/ra2007/ra_9480_2007.html

    http://www.lawphil.net/administ/dof/do_29_07_2007.html

  101. baycas2 - May 19, 2012 4:34 am

    PAKUWENTO NAMAN DIYAN

    Alam na ho ng mga magagaling at mga matatalino sa Kongreso at sa BIR na ang mga tumatakas (evading) sa buwis ay:

    Una, itinatago ang “acquisition cost”, at…

    Ikalawa, inilalagak ang salapi sa perang dolyar o sa iba pa liban sa piso.

    Bakit, ‘ika n’yo? Ha, Aling Estrella?

    Ganito ho kasi ‘yon…

    Noon, o marahil sa tuwing, panahon ng “tax amnesty”, ito ang ipinagagawa ng batas:

    SEC. 3. What to Declare in the SALN. — The SALN shall contain a declaration of the assets, liabilities and networth as of December 31, 2005, as follows:

    1. Assets within or without the Philippines, whether real or personal, tangible or intangible, whether or not used in trade or business: Provided, That property other than money shall be valued at the cost at which the property was acquired: Provided, further, That foreign currency assets and/or securities shall be valued at the rate of exchange prevailing as of the date of the SALN;

    2. All existing liabilities which are legitimate and enforceable, secured or unsecured, whether or not incurred in trade or business; and

    3. The networth of the taxpayer, which shall be the difference between the total assets and total liabilities.

    - R.A. 9480

    At ito naman ang reglamento nito para maipatupad ang batas:

    SEC. 8. Contents of the SALN. – The SALN shall contain a true and complete declaration of assets, liabilities and networth of the taxpayer as of December 31, 2005, as follows:

    1. Assets within or without the Philippines, whether real or personal, tangible or intangible, whether or not used in trade or business:

    a. Real properties shall be accompanied by a description of their classification, exact location, and valued at acquisition cost, if acquired by purchase or the zonal valuation or fair market value, whichever is higher, if acquired through inheritance or donation;

    b. Personal properties other than money, shall be accompanied by a specific description of the kind and number of assets (i.e. automobiles, shares of stock, etc.) or other investments, indicating the acquisition cost less depreciation or amortization, in proper cases, if acquired by purchase, or the fair market price or value at the time of receipt, if acquired through inheritance or donations;

    c. Assets denominated in foreign currency shall be converted into the corresponding Philippine currency equivalent, at the rate of exchange prevailing as of December 31, 2005; and

    d. Cash on hand and in bank in peso as of December 31, 2005, as well as Cash on Hand and in Bank in foreign currency, converted to peso as of December 31, 2005.

    2. All existing liabilities which are legitimate and enforceable, secured and unsecured, whether or not incurred in trade or business, disclosing or indicating clearly the name and address of the creditor and the amount of the corresponding liability.

    3. The total networth of the taxpayer, which shall be difference between the total assets and total liabilities.

    - Department Order No. 29-07, August 15, 2007, RULES AND REGULATIONS TO IMPLEMENT REPUBLIC ACT NO. 9480

    Hmm, ano kan’yo, Aling Estrella?

    Ah, oo, ang sabi n’yo hindi naman kasi nangyayari sa tunay na buhay ‘yan. ‘Pag may “tax amnesty” lang ipinatutupad ‘yan…

    Aah, siyanga ano…Tama po kayo, Aling Estrella. Ganyang-ganyan nga pala ang ginawa ni Mang Renato.

    Itinago NIYA ang “acquisition cost” at itinago NIYA ang yaman sa dolyar…at may euro pa yata, hane?

    Ha, ano pa ho ang sabi n’yo?

    Bilang CPA-lawyer po kayo alam n’yong wala namang batas na nalalabag ang istilo ni Mang Renato.

    Aah, ang tawag pala kan’yo diyan ay “TAX AVOIDANCE“?

    Hmm, kaya pala ipinagpipilitan ni Mang Renato na wala siyang kasalanan at ipagsisiksikan niya ang sarili bilang Punong Mahistrado.

    Kung sabagay, alam na alam rin naman ng mga mambubutas, este, mambabatas natin ang ganiyang kalakaran.

    Naghihintay lang naman pala si Mang Renato ng susunod na “tax amnesty” bago niya ideklara ang kaniyang mga ari-arian.

    O sige, Aling Estrella, napagpaliwanagan n’yo na ho ako…ng makaluma at baluktot ninyong daan sa BIR noon.

    Sige po ha, parating na si Ate Kim…mukhang wala raw yatang “tax amnesty” hanggang 2016. Siya naman ang kakausapin ko tungkol sa pagtutuwid nila ng dati n’yong daan.

    Siyanga pala, Aling Estrella, kapag ‘di pala na-”convict” si Mang Renato…kung sakali lang naman

    Baka may “tax amnesty” na sa 2017 o 2018. Balita ko ho matunog at matatag ang Binarroyo…

    Salamat ho sa kuwento…

  102. chijap - May 19, 2012 5:27 am

    Defense admits dollar account exist (and presumably matching to the AMLC log’s re: RCC):

    abs-cbnnews.com/image/images/05/18/12/corona-maintains-he-has-5-dollar-accounts

    Ok, so they have shaped their course of action.

  103. chijap - May 19, 2012 5:30 am

    And to shut up Martinez and her brilliant logic:

    abs-cbnnews.com/-depth/05/18/12/bir-csc-agree-corona-must-declare-dollars

    Keep in mind Duque was an Arroyo appointee.

  104. chi - May 19, 2012 7:28 am

    bay, ayos ang kwento mo ah! Naghihintay lang pala ng amnesty si Corona. Kung Binarroyo sa 2017, wala syang problema.

  105. baycas2 - May 19, 2012 9:40 am

    chi,

    tunghayan natin sa Martes ang kaniyang kuwento.

    mananahimik o magpapalusot?

    titimbang nang husto ‘yan dahil pag natanggal siya kakasuhan siya ng kriminal at sibil, depende sa maisasambulat niya sa ika-22 ng Mayo.

    hindi rin makaiigi ang pagtahimik lang niya kasi lalo lamang siya pagdududahan.

  106. chijap - May 19, 2012 9:46 am

    “mananahimik o magpapalusot?”

    tumpak!

  107. manuelbuencamino - May 19, 2012 11:12 am

    #83

    Maglagay ka ng dollars sa banko. Bumili ka ng dalawang ROP. Para mas maganda bilihin mo ang parehong series. Hawakan mo yung isa ng isang linggo tapos ibenta mo at yun isa haxakan mo ng isang taon. Next week mag post ka dito at sabihin mo kung pinagbayad ka ng tax Next year magpost ka dito at sabihin mo kung pinagbayad ka ng tax. Mas madali kasi na magtanong ka na lang sa banko pero ang tigas ng kokote mo. Dun ka sa banko magpunta huwag kay martinez!

  108. Jojo - May 19, 2012 12:55 pm

    sabi sa kabilang pahayagan. according to young Enrile, bomoto na raw ang matandang Enrile or JPE. But he has no idea if it is + or – . and take note. according to Belmonte end game na raw. so tapos na si Corona. no need to wait for Tuesday.

  109. MPRivera - May 19, 2012 1:11 pm

    AMLC stands by report sent to Ombudsman

    “…An official of the Anti-Money Laundering Council (AMLC) stands by its report on the financial transactions of Chief Justice Renato Corona involving millions of dollars, which the Ombudsman presented to the impeachment court last week.

    “You can rely on the presumption of regularity of the performance of our duty,” said Atty. Emmanuel Dooc, commissioner of the Insurance Commission, in a chance interview after a committee hearing in the Senate on Friday….

    ….Under the Anti-Money Laundering Act, banks and other covered institutions are required to submit to the AMLC information on “covered and suspicious” transactions…

    ……”They should have subpoenaed us so we could have established the authenticity,” Dooc said……..”

    http://www.abs-cbnnews.com/nation/05/18/12/amlc-stands-report-sent-ombudsman

  110. Phil Cruz - May 19, 2012 1:37 pm

    #109

    Yes, why don’t they subpoena the AMLC members to testify? Can the senators still do this?

  111. Phil Cruz - May 19, 2012 1:46 pm

    The defense toots they have “broken the code.” They finally have the answer daw (alibi, excuse?) to Corona’s puzzling bewildering humongous bank accounts.

    So let’s hear it straight from the horse himself.

    These defense lawyers are so talkative.. all sound and fury.. signifying nothing but hot air and bluster.

    Sige na. Let’s get it on!

  112. Phil Cruz - May 19, 2012 2:08 pm

    It took Corona FOREVER AND A DAY to decide to come out of his cave and explain his deposits, his properties and his SALN himself.. and now defense lawyer Tranquil Salvador sings praises to the guy as a humble guy for finally deciding to testify.

    Ehh? What?

    Meaning that the guy for the past five months was just too proud (not too scared) to testify?

  113. Rudolfo - May 19, 2012 2:10 pm

    Why did CJ-Corona said, ” See you next year ” !..Maybe he got a tipped already from the pro-GMA-Corona Senator Judges, and later affirmed by Sen. Enrile’s son..Its 13 votes, short of 3-votes..to acquit the CJ…Probably, that’s the reason why he got the “balls-courage” to appear on Tuesday in the witness stand. This could be just a formality appearance by Corona. At any rate, let us wait and find out the final result, and wish the electorates should wake-up in the coming 2013, election!.I wish today ( Friday in my place,10pm) is already Tuesday ! and my analysis would be wrong ?..

  114. Phil Cruz - May 19, 2012 3:57 pm

    Simple lang ang bottomline for most people now.

    FIT or UNFIT for the position?

    I like how Jake Macasaet details the many shadowy dealings of the man:

    http://www.malaya.com.ph/index.php/opinion/3674-corona-morally-unfit-for-the-sc

  115. Phil Cruz - May 19, 2012 4:08 pm

    Rudolfo, maybe when the defense now confidently says that they have now broken the code, maybe the the code is “INC”?

    If so, there’s a counter-code. It’s “NON-INC.”

  116. MPRivera - May 19, 2012 7:58 pm

    a million dollar question need answered by the doubted morally-fit CJ himself.

    Whose dollars are those?

    http://www.malaya.com.ph/index.php/opinion/3750-whose-dollars-are-those

  117. MPRivera - May 19, 2012 8:19 pm

    preparing for his defense day? he should be digging an ant hole for a mountain of lies to be presented on tuesday.

    ilang binayarang utuutong accountant kaya ang kaharap niya ngayon at hino-hokus pokus ang kanyang financial records?

    http://www.malaya.com.ph/index.php/news/nation/3797-corona-preps-for-d-day

  118. chijap - May 19, 2012 10:46 pm

    Simple lang. Corona will not testify if he knows he has the numbers.

    I think Jack Enrile was “quoted” that is 13-7 for conviction prior to day 37.

    When it was after the explosion of day 37 and the whole public opinion was more of less cemented, then corona has no other recourse.

    Remember, defense asked for breaks. Assuming Corona was really that arrogant and he has the numbers, he would have been on the stand this past week.

    The defense is crawling out of this one.

    Also, reviewing day 36′s footage, Enrile and group would vote to convict if Corona admits he did not put his dollar accounts on SALN based on the logic of the likes of Martinez.

    The persons who are likely to Acquit: Arroyo, Santiago, and Marcos.

  119. chi - May 20, 2012 12:03 am

    O, Corona via his defense already claimed 4 dollar accounts. Sino ang nakatisod, singilin na ang thief justice! Di ba sabi nya wala syang $$$ account, kung matisod kahit ninuman at mapatunayan ay kanya na? Ayun, simulan na ang proseso ng pagkatisod, inamin ng kampo nya mismo.

  120. cocoy - May 20, 2012 6:56 am

    It doesn’t matter kung may 4 dollar account o 82 si Corona. What matter hindi niya idineclare sa SALN niya, kahit $100 pa iyan o ilang milyon. He want to evade tax.

    Diayn lang magkakatalo kung anong klaseng case ang i file sa kanya after he’s impeach, graft or plunder depende sa mapatunyang amount.

    THE CONSTITUTION SAYS THE OMBUDSMAN IS THE PROTECTOR OF THE CITIZENS. THE MOST POWERFUL OMBUDSMAN IN THE WORLD IS THE PHILIPPINE OMBUDSMAN. HAS IT BEEN THE MOST EFFECTIVE IN PROTECTING THE PEOPLE?

    Under Republic Act No. 6770 (Ombudsman Act), the Office of the Ombudsman has the following powers, duties and responsibilities:
    1) Investigate and prosecute on its own or on complaint (in whatever form) by any person (or from any source, including newspaper reports), any act or omission of any public officer or employee, office or agency, when such act or omission appears to be illegal, unjust, improper or inefficient. It has primary jurisdiction over cases cognizable by the Sandiganbayan and, in the exercise of this primary jurisdiction, it may take over, at any stage, from any investigatory agency of Government, the investigation of such cases.

    in number:
    11) Investigate and initiate the proper action for the recovery of ill-gotten and/or unexplained wealth amassed after February 25, 1986 and the prosecution of the parties involved therein.

  121. cocoy - May 20, 2012 7:01 am

    Ngayon nagtataka kayo kung bakit ngayon lang ito naipatupad? Dahil may Ombudswoman tayong gingawa niya ang kanyang trabaho and the power mandated to her by the CONSTITUTION. Hindi natin alam ito noon dahil natulog sa pansitan ang dating nakaupo diyan.

    Matibay pala ang Ombudswoman at nakasaad sa batas, bakit nagpuputok ang butse ni Mirriam at ni lecture ran pa ng Constitutional Law si Morales.

  122. Rudolfo - May 20, 2012 8:53 am

    If, I am the prosecutor, I will ask Corona… my first question, will be. Your honor, CJ, do you think you are fit to continue as CJ of the SC ?….and ask for maybe 12, very outstanding reasons…The next question will be, many people believes you are unfit to continue as CJ ?…and again ask, around 15-good reasons…Within the argumentation, so, and so,..I am sure, people or public concern will find out, the credibility and transparency of the CJ, for either acquittal or guilty..All of the issues will be touched on the above hypotheses, or premises…just my simple analysis…Nahuhuli daw ang Isda, sa Bibig, at dito nasasabit !..or Sa masilang panga-ngatuwiran, bibig ay baka mabinwit !..@ baka biglang mag-gulat na naman ang panig ng depensa…

    Si Mirriam, kaya nya lang ang mga bata o kulang sa kaalaman,kapag siyang naka-salang..Ngunit, kapag ka level nya, at mukhang, mas marunong sa kanya, iwas pusoy at mahinahon din sya..Nakikita din ang kanyang pag-galang,at humility-pag-kahinahon….sana, parehas lang ang trato nya, para okay-na-okay sya, at hahatak pa ng mga taga-hanga, na AA plus, sa mga ipinakita nya, halos mga –BB (B-minus,at naka-kainis pa..)..

  123. dan1067 - May 20, 2012 9:57 am

    For sure sa prosecution uli mag iinit si Miriam. Nakapanig yan sa depensa since day 1 ng impeachment trial. May naalala ba kayo na nanermon yan ng depensa sa kapalpakang gusto nilang busalan si ombudsman e sila ang nagpa subpoena sa kanya. Tingin ko pag ipit na si Corona, missing in action na yang si Brenda.

  124. baycas2 - May 20, 2012 10:44 am

    Ayos, Cocoy, nadale mo!

    —–

    It may appear at present that Ombudswoman Carpio-Morales is overzealous in her job against high-profile grafters and corrupt top public officials as advanced by some senators.

    However, the real score in this fight is that former Ombudswoman Gutierrez did not do anything to prosecute high-profile grafters and corrupt top public officials during her time. Most of the senators did not do anything to right the wrong then.

    I am against a “peanut butter” approach in a defense BUT I am certainly for a “peanut butter” approach in the attack by the incumbent Ombudswoman against those who perceived themselves as untouchables like the senators (and gods like the SC justices!).

    Don’t spread the blame
    to avoid penalty

    Spread the penalty
    to all blameworthy

  125. vonjovi2 - May 20, 2012 11:04 am

    Ang isasagot ni Walang Galang Thief Chief ay di ko ninakaw ang PERA bigay Lang iyan sa akin ng aking kaibigan Arroyos at bigay ng anak ko. Di ko nilagay sa SALN dahil donation Lang naman iyan at what the F* big deals.
    Pinag tataka ko bakit hindi Puwedeng bastusin Itong ating Walang Galang na Thief Justice he hindi naman siya nailagay sa tamang paraan at
    Illegal ang pag upo niya. Kung ako USA sa mga Senador ay binastos mo ang LAW kaya ba bastusin rin Kita.

  126. cocoy - May 20, 2012 11:11 am

    Abangan natin ang sasabihin ni Jingoy at Trillanes sa kanya.Baka atakehin sa puso at mag pa confine na naman iyan sa Sta Lucia.

  127. tru blue - May 20, 2012 1:36 pm

    “walang state tax sa Delaware.” – sax

    Only nine states have no state taxes, Delaware is NOT one of them.

  128. TonGuE-tWisTeD - May 20, 2012 4:08 pm

    Para sa akin, ang critical dito sa issue na ito, dalawang bagay lang:

    1. Yung tungkol sa “overstated” number of undeclared properties sa SALN (5 lang daw, hindi 45)

    2. Peso and dollar deposits undeclared in the SALN (3 or 4 daw, hindi 82)

    Ang depensa ni Corona parang ganito ang tumbok.

    1. “Hindi ako gumahasa ng 45 babae, lima lang. Hindi ako guilty”
    2. “Sinungaling sila, hindi 82 ang pinatay ko, tatlo o apat lang. Dapat ninyo akong i-acquit”

  129. TonGuE-tWisTeD - May 20, 2012 4:26 pm

    Picture ni maasim na atorni Karen Jimeno.

    http://goo.gl/ik75d

  130. saxnviolins - May 20, 2012 7:52 pm

    # 129

    Sorry too sweeping a statement. Let me be more precise.

    Delaware does not charge income tax on companies incorporated in Delaware but operating in other states – big names like Dillard’s and Kentucky Fried Chicken. That is why it is called the inshore Cayman Islands of the US, as the below article suggests.

    http://www.nytimes.com/2009/05/30/business/30delaware.html

    Marami na ring gumaya, including Florida and Nevada. I did some research for an NY company, and recommended incorporation in Nevada (Vegas) over incorporation in Delaware.

  131. Rudolfo - May 20, 2012 10:13 pm

    The Law of the Lawyer to their clients is not to accept FAULT or failure, as much as possible, NOT GUILTY !..Its their job, to protect and shield the guilt..I wish the non-lawyers in the Senate Judge would not follow this line of thinking or decision…Sometimes, this system is not favorable when applies to the future and strength of the Government, especially when people-expected leaders are involve..Maybe, the Late Gen. Angie Reyes have sense this, and he decided to cut it short..my food for thought.

  132. acibig - May 20, 2012 11:22 pm

    the issue is how were the info on the dollar accounts obtained?? the answer— by illegal means , ergo, it should be tossed out as evidence, get it by legal means then you have a case, ewan ko ha, basta sa pinas, 90 % ng bagay parating dinadaan sa illegal means

  133. bayonic - May 20, 2012 11:28 pm

    kakanta na nga ba talaga sa martes ang legal Eagle ?

    http://www.youtube.com/watch?v=SLhGnpI2TrI

  134. saxnviolins - May 21, 2012 4:09 am

    Sacrilege yung audio to this 70s child. This song was an anthem, along with One of These Nights, and Best of My Love. I don’t mind the parody of Corona.

    The Dagupan bus used to play the Best of the Eagles album as the bus approached Kennon road, on its trips in the early 90s. Maraming magandang memories yan.

    Effete yung pagkanta, masama pa ang phrasing. The guitar work is passable though.

  135. vonjovi2 - May 21, 2012 5:39 am

    the issue is how were the info on the dollar accounts obtained?? the answer— by illegal means , ergo, it should be tossed out as evidence, get it by legal means then you have a case, ewan ko ha, basta sa pinas, 90 % ng bagay parating dinadaan sa illegal means – by Acibig

    1000% naman dinadaan ni Thief Juctice sa maling paraan lalo na sa illegal sa pag upo sa puwesto. Kahit saan pa
    Kunin ang information kung sa katotohanan naman gagamitin ay okey Lang. Dapat ang tanong dito ay saan niya NAKUHA ang Dollars niya?

  136. vonjovi2 - May 21, 2012 5:48 am

    Ang isasagot ni Walang Galang Justice ay noong pina upo ako ni Igan Arroyo ay ang deals ng suweldo ko ay Dollars at hindi pesos. At may instant bunos Lagi ako kapag tutulungan ko ang mga kaso ng aking matalik na kaibigan nag pamilyang Arroyo.

    Gagayahin rin niya ang sagot ni Pandak ng
    ” I”M SO SORRY LAPSE OF JUDGEMENT” akala ko ay di masisita nila at nakalimutan ko ilagay sa SALN ko.

    Si Miriam S. ay di karapat dapat
    Ito sa international court dahil mas matimbang pa ang mga mag nanakaw sa gobyrno kesa sa nag hahanap ng pag babago sa Atin.

  137. acibig - May 21, 2012 8:48 am

    well kung makuha ang katotohanan kahit thru illegal means eh marami silang dapt imbestigahan, nang gagalaiti sa galit ke CJ sa billion nya pero ke marcos , bilyon din yun pero wala naman yatang ganitong nangyari, if i remeber right all cases were dismissed ke imelda, is she innocent ? no , but by legal means she is innocent,kaya dapat next time, kung magnanakaw ka eh make sure di ka mahuli like imelda

  138. vonjovi2 - May 21, 2012 8:57 am

    Acibig – Sabi nga ni Erap ay weather weather Lang iyan. At least sa ngayon ay hahahanap na tayo ng katotohanan (sana totoo Itong Pinag gagawa ng ni Pnoy). Baka Matulad rin sa Ibang nag daan presidente na kayo noon ang nag nakaw , ngayon ay kami naman.

    Weather weather Lang iyan by Erap.

  139. Phil Cruz - May 21, 2012 9:10 am

    re: #129

    Tongue, a most apt analogy. Clear and concise.

  140. acibig - May 21, 2012 10:11 am

    sino ang former pinoy ambassador na ninakawan ang bahay sa paris with a loot worth 30 million euro? so obviously he cannot have eraned that sa salary nya, gives credence na basta govt official corrupt, well dapat ito ang isunod ke corona

  141. Rudolfo - May 21, 2012 10:55 am

    Isang pananaw..Matindi talaga kapag ang batas na “Karma ay Gumalaw”..Sa hindi ina-asahang pangyayari, mismo ang side ng depensa ( Atty Cuevas..) ang nag-imbita sa Ombudsman Carpio-Morales,as hostile witness, para magsalita sa Impeachment Court, at ma-cross examination-o-matanong ng prosecutors. Ang nangyari, bumulaga-sumingaw ang tunay, na kulay y mga tagong $$$-yaman-accounts ni Corona, bukod sa mga nakatagong PhpPhp, sa mga Bangko ng Bansa…Lalo lamang lumalim, ang kaso, ng CJ ( ayaw mag-resign )..at lalong nagulat ang mga Taong bayang, nagsusubaybay ( maliban syempre sa mga pabor ki CJ..na puma-panig sa madidilim-liko-liko na gawain, siguro-marahil?..)..Sya lang talaga ang maka-pag-uugnay- o- makapag-patotoo, kung ang husga sa kanya ay Tama o mali..Dapat lang na sumipot sya, at gisahin sa Impeachment Court, para luminaw ang kaso niya, “guilty or acquittal”!..Sakaling ma-acquit sya, Taong bayan ay duda na din..Kasi, mas matimbang pala ang kapangyarihan ng Ombudswoman ( katulad pala sya sa “bulldog” na nakabantay sa mga gumagawa ng mali at tama sa gobyerno na mga nanunungkulan ), na di ginampanan ng husto ng pinalitang Ombudsman M. Gutierrez. Pinag-uupuan ang mga kaso, at pinatagal, hanggan umabot sa status na “technicality”, o lipas ng panahon ( Perez case as DOJ ?..).Magpasalamat, tayo, na tama lang si Pangulong PNoy sa paghirang at pagsumpa ki Ombudswoman-Carpio Morales ( sana huwag na syang umalis muna, sa paglilinis o pagtutuwid ng landas ng bansa )..Mukhang tami-mi at ingat sila sa matapat-maganda-marunong-matapang, na “Bulldog” ng Bayan…

    Kapag naka-palag si CJ, sa Martes, sa mga tanong ng mga magkabilang panig, talaga nga na marunong sya, at tama si GMA, sa pag-madaliang iupo sya, as midnight appointee (kahit na palso o di tama daw yata ), bilang CJ sa SC…Bakit, minadali ni GMA na iluk-luk syang CJ…mas magaling pa sa kanya si Sen. Miriam Santiago, Atty S. Cuevas, o ang Ombudswoman ngayon ???…Ano nga ba ang dahilan ($$$$PhpPhpPhp,Basa-Guidote,e.g..kaya)????..a comment for the good of the country..

  142. TonGuE-tWisTeD - May 21, 2012 11:42 am

    Matiyaga ba kayong magbasa ng Worksheets? Eto ang kopya nung galing sa AMLC but scanned with OCR. Galing kay baycas.
    http://goo.gl/02mwT

  143. TonGuE-tWisTeD - May 21, 2012 11:50 am

    Ito yung original ni Morales, now verified by the AMLC. Again, courtesy of baycas.

    http://www.scribd.com/doc/93782041/Tabulation-of-alleged-bank-transactions

  144. tru blue - May 21, 2012 2:16 pm

    @129: or as Herman Cain (Mr 999) shamelessly articulated: for every woman who claims I groped her sexually, a thousand women will say otherwise. This guy is an inept right wing croc who definitely belongs to his party.

  145. xman - May 21, 2012 5:39 pm

    Gago rin pala itong si Harry Roque, isa rin palang sinungaling ito, buti nga at binara sya ni Karen Jimeno:

    http://www.facebook.com/photo.php?fbid=359668107420619&set=a.110423725678393.22123.110296245691141&type=1&theater

  146. xman - May 21, 2012 5:51 pm

    Sumabog sa mukha ni Pnoy yong smear job ng yellow laban sa INC.

    Ayon si Pnoy pumunta sa Central Office ng INC para mag apologize pero ine snub sya hindi nakipagkita sa kanya ang lider, Eduardo Manalo.

    Ang pinalalabas ng yellow media ngayon ay nakipag usap daw si Pnoy sa lider ng INC pero ang totoo ang kausap nya ay hangin….hahahhaaaa……

    http://www.facebook.com/pages/Showbiz-Government/110296245691141

  147. xman - May 21, 2012 5:58 pm

    Mukhang demoralize na yong mga pro prosecutors na senadores, Mukhang nag babago na ang tuno nila.

    Siguro na demoralize sila dahil nakita nila si Pnoy na nag sasalita ng mag isa sa INC office….hahhahahhahaa

  148. dan1067 - May 21, 2012 6:05 pm

    re #132 Rudolfo we have 3 non-lawyer senators with courage(balls) but brilliant in their own fields. The maverick Serge Osmena, the navyboy Sonny Trillanes and of course the PMAer Panfilo Lacson. These honorable men surely has independent minds and cannot be influenced by anyone.

  149. manuelbuencamino - May 21, 2012 7:58 pm

    #146 at #147

    Walang laman ang mga link. Parang utak mo. Utak ng tilapiang bilasa

  150. dan1067 - May 21, 2012 10:40 pm

    re #150 Wag no na e click yong link makukuyog ka doon he he! Bukas makikita natin kung effective ang dasal ni CJ kasama ng mga nagtatanggol sa kanya. Abangan!

  151. saxnviolins - May 21, 2012 11:29 pm

    The link works.

    First link says:

    @profharryroque:

    “Sinking ship:: first, Karen Jimeno gors (sic) missing.Now, Judd roy withdrawing as counsel.Bye bye Corona.”

    @kojimeno:

    “Hi Prof Roque! What’s the source of this news? | Just came from a defense mtg where Judd and I were there with the whole team.”

    Second link. Just some humor, as follows:

    (Picture with caption)

    Noy: China ka ba?

    Girl in red: Bakit?

    Noy: Kasi pati saging ko inaayawan mo na eh.

  152. xman - May 21, 2012 11:39 pm

    #149

    Wala pa lang laman yong link, ano ang ginawa mo? Wala?

    Gamitin mo naman pa minsan minsan yang nasa pagitan ng dalawang tenga mo at hindi yang nasa pagitan ng bitlog mo.

    Ganito ang gawin mo:
    1. Mag sign in ka sa Facebook account mo

    2. Kapag na ka sign in ka na, e search mo yong showbiz government at makikita mo yong pinag sasabi ko doon.

    Kapag hindi mo pa rin nakita ay bumalik ka sa blog na ito at sabihin mo sa akin na hindi mo nakita at mayroon akong special na nakahanda para sa iyo.

  153. xman - May 21, 2012 11:52 pm

    #150
    Ano ang kinatatakot mo na ayaw mong mag click doon sa showbiz government dahil baka makuyog ka?

  154. xman - May 22, 2012 12:00 am

    Si Ninez Olivares ng Tribune ay nag rely lang sa report ng yellow media na nagkita si Pnoy at Manalo sa INC office. Pero ang totoo ayon sa mga naka saksi ay eni snub si Pnoy, hindi nya nakausap si Manalo.

    Nag comment ba ang INC na nagkita si Pnoy at Manalo sa Central? Hindi, puro ang yellow media lang ang yakyak ng yakyak.

  155. chijap - May 22, 2012 12:05 am

    @sax

    Rappler covered that tweet exchange and Roque has a counter explaination:

    rappler.com/nation/special-coverage/corona-trial/5639-counsel-denies-quitting-corona-defense-team

  156. chijap - May 22, 2012 12:09 am

    @datinglalaki

    Si Olivares? Is that not the same Olivares who can’t explain when asked by another reporter/blogger of her proof on a different topic:

    goo.gl/nc98b

    Its nice to know who you listen too. Ibang klase mga binabasa mo. No wonder you think that way.

  157. chijap - May 22, 2012 4:13 pm

    Pagkatapos ni Corona magsalita; he will seek his right to remain silent when the prosecution or the senators would like to ask questions.

    He will dig a hole and let people wonder what its all about.

  158. TonGuE-tWisTeD - May 22, 2012 5:58 pm

    naku chijap, isa kang manghuhula.

  159. Oblak - May 22, 2012 5:58 pm

    Prepared statement muna si Chief then nahihilo, nag walk out (Atty. Roy claimed he asked to be asked) then naka wheel chair palabas ng senate session hall/senate clinic.

    Wala man lang, “Permission to leave, Your Honor”

    KJ naman ni CJ!!!

  160. Oblak - May 22, 2012 6:02 pm

    Ayan, ayan, he is being wheeled inside the session hall, bumalik sa Chief

  161. Oblak - May 22, 2012 6:12 pm

    Ngii, bumalik nga para lang magngawngaw si Cuevas at humingi ng continuance. To be continued pa bukas.

    I do not know kung magaling umarte si JPE, he really looked pissed off.

  162. Phil Cruz - May 22, 2012 6:55 pm

    The man walked out of the trial without permission. The man’s true character was exposed in all its hoodlum glory. Disrespectful, scheming, manipulative, arrogant. He just used the impeachment trial as his political stage. And used, insulted the senate and Enrile.

    And setting conditions before signing a waiver?

    Unbelievable arrogance.

    He thinks he is the King.

  163. Phil Cruz - May 22, 2012 6:59 pm

    He just refuses to be cross-examined.

    It was the St. Luke strategy at work. Doctor, doctor, I am sick.

  164. dan1067 - May 23, 2012 5:46 pm

    #re 150. mga sarado ang utak ng mga fbookers doon.

  165. saxnviolins - June 2, 2012 9:44 pm

    Front-runners daw – Leila de Lima and Kim Henares, for the CJ position. Both have little to no litigation experience.

    De Lima, an election lawyer. Anong practice yan? Gapangan? Lutuan ng boto? Henares, an accountant – a clueless witness in the impeachment.

    If Noy wants a woman, they should be in the league of Cecilia Muñoz-Palma. Yan ang tunay na justice.

    If he wants an outsider (of the Supreme Court), but an experienced one, he should promote from the lower courts. I’m sure there is some conscientious judge (male or female) in some provincial RTC who has the brains and integrity.

    There is perennial contender, Justice Remedios Salazar-Fernando, an appointee of Cory to the LTA.

    Tignan niyo rin yung record ni Judge Divina Luz P. Aquino-Simbulan (RTC Pampanga).

    Do the judicial awards mean anything? Or are they just political awards? If they are true indicators of excellence, then that will be the first list that I will peruse.

    Baka naman ayaw talaga ng magaling; because water seeks its own level.

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