Archive for the ‘Finance’ Category

HB5727: more revenues, less poison for the people

Update: Last Wednesday, the House Ways and Means Committee, voting 46-14, passed HB5727. The fact that House Bill 5727 has reached this far at the House Ways and Means Committee bodes well for the legislation that aims to raise sin taxes making it more expensive for Filipinos to ruin their health. The Ways and means [...]

May 7, 2012  Tags:   Posted in: Finance, Health  4 Comments

Making consumption of sin products expensive

If you have not yet signed the manifesto for HB 5727, it’s time you take a look at it. There’s one in Facebook: http://www.facebook.com/note.php?note_id=260011474082380 HB 5727, authored by Cavite Rep. Joseph Emilio Abaya, calls for the restructuring of the excise tax on alcohol and tobacco products. The rationale is that, if prices for what we [...]

May 1, 2012  Tags: ,   Posted in: Finance, Health, Malaya  26 Comments

No peace in PEACe bonds

How would you feel if you lent someone P100 with the agreement that he would pay you back P350 after ten years and when payment time comes, he will tell you he will pay only P300 because he had to deduct tax although when he borrowed the money he told you that the transaction was [...]

October 19, 2011  Tags: ,   Posted in: Finance, Malaya  19 Comments

8 banks ask SC to stop gov’t from imposing tax on PEACe Bonds

Let’s see how President Aquino will resolve this because it involves people who helped him in his bid for the presidency. Lorenz Neil Santos, InterAksyon.com Eight banks on Monday asked the Supreme Court to stop the government from imposing a 20-percent final withholding tax on P35 billion worth of the controversial Poverty Eradication and Alleviation [...]

October 18, 2011  Tags: ,   Posted in: Finance  8 Comments

BIR finds Code-NGO liable for P4.86B tax for PEACe Bonds

By Luz Rimban and Yvonne T. Chua VERA Files The Bureau of Internal Revenue has found the Caucus of Development NGO Networks (Code-NGO) liable to pay close to P5 billion in taxes for its purchase of the so-called PEACe Bonds 10 years ago. In BIR Ruling No. 370-2011 dated Oct. 7, Commissioner Kim Henares reiterated [...]

October 17, 2011  Tags: ,   Posted in: Finance, Vera Files  10 Comments

Oras na ng bayaran ng P35 bilyun na PEACe Bonds

Nabuhay na naman ang usapang PEACe Bonds ( Poverty Eradication and Alleviation Certificates) dahil sa Oktubre 18, magbabayad na ang pamahalaan ng P35 bilyon sa ibinentang bonds na ang kumita ng husto ay ang CODE-NGO (Caucus for Development-Non-Government Organization). Click below for: Position paper of CODE-NGO on Peace Bonds Statement of the Freedom from Debt [...]

October 9, 2011  Tags: ,   Posted in: Finance, Malaya  48 Comments