A day after it was reported that members of the Lopez family were excluded from the Bureau of Internal Revenue’s top 500 individual taxpayers’ list, a taipan has come forward to show that he, too, had paid a large amount of taxes to the government.
The Lopez brothers are reportedly wondering why they’re not on the list of the country’s top taxpayers. Others are wondering why the few tycoons on the list pay less than the amounts that the Bureau of Internal Revenue collects from celebrities. Still others are asking why several tycoons are not on the list.
On the weekend before the April 15 tax return deadline, the Bureau of Internal Revenue took an unusual step. More than 120 lists of top taxpayers from more than 120 revenue district offices were uploaded to its website with the intention not so much to praise the people on the list but to shame those who were not listed.
A day after being chided by a “shocked” President Benigno Aquino III about the incredibly low taxes—or sometimes none at all—that affluent Filipino-Chinese businessmen were paying, the leaders of the community said they would toe the line and vowed to get their members to pay the right amount in taxes.
The order of the Department of Transportation and Communications (DOTC) removing carbon dioxide from the list of gases monitored in motor vehicle emission tests should be made to comply with the Clean Air Act and President Aquino’s National Plan on Climate Change.
The lawyer of business tycoon Roberto Ongpin on Saturday said the Court of Appeals’ order freezing Ongpin’s bank accounts is “totally without basis and completely unjustified.”
Businessman Roberto Ongpin on Thursday reiterated that former first gentleman Jose Miguel Arroyo had no involvement in the controversial loans extended to him by the Development Bank of the Philippines (DBP). Instead, he challenged Senator Sergio Osmeña III to look into the bank’s write-off of a large loan it had extended to the companies of the Lopez family.
A Cabinet reshuffle may be off and running shortly, despite Malacañang denials.
The camp of businessman Roberto Ongpin on Sunday urged Senator Sergio Osmeña III to “review his arithmetic” after the latter reopened the Senate hearings on the allegedly anomalous transactions between the trade minister of then strongman Ferdinand Marcos and Development Bank of the Philippines (DBP).
Bankers Thursday described as “plausible” the explanation posited by Inquirer columnist Rigoberto Tiglao who defended Chief Justice Renato Corona from allegations of having amassed some $12 million in as many as 82 bank accounts.
Two former directors of the defunct Urban Bank have denounced as “false and malicious” the allegations that they profited personally from a property deal that the bank had entered into in the mid-1990s.
The decision of US-based Wells Fargo & Co. to set up their business process outsourcing operations in the Philippines is a vote of confidence in the quality of the local workforce, according to the firm’s officials in the country.
