We beg to differ.
So presidential candidate Mar Roxas (Mar), echoing President Noynoy Aquino’s (PNoy) refusal to lower income tax rates, claims that lower income tax rate would be detrimental to the Filipino people. He states that with a reduced collection in income taxes, many government programs where a lot of people benefit from would be compromised (e.g. PhilHealth,…
So President Noynoy Aquino (PNoy), in response to proposals by some legislators, said that he is not convinced that lowering income tax rates would be beneficial to the country. He claims that: “If we lower income tax rates, revenues will be smaller while the deficit will be wider. The widening deficit will be a negative…
Read More “The Real Reason Why PNoy Does Not Want to Lower Income Tax” »
[This is satire. Exact similarities to actual names and events are coincidences, and should not be construed as intended, as intent is only to tickle. Do not read too much into the names and events for they may be true, or may not, but if you do, writer shall not be held liable for the…
Recently, I heard news about the Bureau of Customs (BOC) intending to open Balikbayan Boxes for inspection. The Manila Times reported in an August 17, 2015 article: “The items [inside the boxes] may as well be considered as smuggled goods for non-compliance with the Philippine Tariff and Customs Code,” Customs Commissioner Alberto Lina said on…
Read More “Balancing the duty of the Bureau of Customs and the sacredness of the Balikbayan Box” »
Things continue to look grim for the embattled group of characters accused of being involved one way or another in the mauling of top ABS-CBN celebrity Vhong Navarro. The list of characters has so far been getting longer… (1) Deniece Cornejo, siblings Cedric and Bernice Lee, along with a group of alleged thugs (including Ferdinand…
Read More “Pressure mounts as DOJ and BIR turn the screws on Cedric Lee!” »
Poor Kim Henares. The beleaguered Commissioner of the Philippines’ Bureau of Internal Revenue (BIR) is caught between a rock and a hard place — her ass is being kicked by President Benigno Simeon “BS” Aquino III to bleed more legal revenue from the Filipino people. Trouble is, Filipino politicians derive illegal revenue from all that…
Ironic that Philippine President Benigno Simeon “BS” Aquino III would warn boxing champ Manny Pacquiao about using the media to gain public sympathy for his tax woes. “If [Pacquiao] did right, then I’m sure he will be able to prove that he did right, and therefore there is no issue,” Aquino said. “So the way…
On one hand, the issue surrounding the tax evasion case the Philippines’ Bureau of Internal Revenue (BIR) is raising against boxing champ Manny Pacquiao is pretty straightforward. The BIR had given Pacquiao two years to submit the documents required of him specific among them are original tax returns from the United States’s Internal Revenue Service…
Read More “Why Lucio Tan gets to keep his loot while Manny Pacquiao’s all remain frozen” »