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Category Archives for Finance
Ways and Means committee:pitfall for two Batangueño legislators
In a period of one year, the Ways and Means committees of both legislative chambers claimed two Batangueños. Last Monday, Sen. Ralph Recto resigned as chair of the Senate Ways and Means committee after he found himself a target of … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
