Quantcast
Latest Stories

Stung by Aquino harsh words, Chinoy traders turn stingy

By

MANILA, Philippines—Filipino-Chinese businessmen are still smarting from President Benigno Aquino III’s castigations on alleged tax evasion by some of its members.

One member of the Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) wondered aloud whether some of the socio-civic programs supported by the chamber would take a hit after the President’s harsh words during the 29th biennual convention of the FFCCCII in March.

Businessman Francis Chua said the leaders of the federation have since reminded members to focus on their tax payments before making any contribution to the group’s socio-civic projects, one of which is a highly-successful barrio classroom program.

Taxes first

Chua, a former president of the FFCCCII, stressed that the group was not discontinuing its classroom program although the funding could dry up as members focus on their tax dues.

“The group has taken to heart the President’s admonition so it felt that this should be (their members’) priority. The group wants to end this misperception that its members do not pay taxes,” said Chua in a phone interview.

But an FFCCCII source said that big businessmen in the group had ordered a freeze in financing for this project because they felt it was unfair for the President to generalize the Filipino-Chinese businessmen as tax cheats.

Some FFCCCII members have disputed the President’s allegations noting that most of its members were senior citizens who have retired from their businesses and that they sat in the chamber representing nonprofit organizations.

The FFCCCII’s 53-year old “Operation: Barrio Schools” has been considered the most cost-efficient strategy to address the acute shortage of classrooms in the country.

The government spends P1.4 million for a two-classroom structure versus the P400,000 budget of the FFCCCII for the same school building.

The FFCCCII could afford to build the classrooms at a fraction of the cost of the government because its local members supply the materials and labor while the government has to go through a centralized bidding process, according to the businessman.

Earlier, Chinese-Filipino businessmen in Pangasinan also said President Aquino’s accusation that many of them were not paying correct taxes had hurt them, saying the President’s statement was unfair.

“Our members pay their taxes diligently and correctly as part of their conscious responsibility in helping government fund programs and projects to alleviate poverty,” said Rosendo So, president of the Eastern Pangasinan Filipino-Chinese Chamber of Commerce (EPFCCC).

So said records of the Bureau of Internal Revenue in Pangasinan would show that the top 100 individual and corporate income taxpayers were mostly EPFCCC members.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Chinoy , FFCCCII , Filipino Chinese , Francis Chua , tax evasion , Trade

  • http://www.facebook.com/people/Roy-Rosales/100000230754515 Roy Rosales

    pinoy should teach these chinese tax evaders a lesson on basic economics.if they want a tit for tat solution,because of their complaints,,they are free to leave our country .they could settle in canada or the u.s.a.however,they have to pay taxes ,IRS is very strict with tax evaders

  • http://twitter.com/wunderunder T

    We don’t assist a school anymore because we are being punished with taxes that we should pay anyway?????

    That’s mature.

  • marithefrancois

    i know some chinese businessmen and their one accountant. sabi ng accountant lahat sila na mga bosing di nagbabayad ng tamang tax. halimbawa sa isang food chain na kumikita ng 400 000 pesos noon ang idinideclare ay 80 000 pesos lang bawat araw. pag nahuli ang bir naman ang binabayaran nila…para tumahimik. totoo po ito kasi isang church lang po kami. ang donations naman nila ay bloated halimbawa isang ford fiera para sa foundation ang worth talaga dahil luma na ay 200 000 pero ang idinedeklara ay brand new o kaya mga 600 000 basta 3x. normal na yon sa kanila. napahiya lang sila kaya galit dahil nahuli.

  • cabcog

    These FC are hypocrites. Most of us know how FC do business which is operate at the least possible cost which include non payment of correct taxes. Some of them will opt to pay BIR officers to avoid payment of correct taxes and they most of the time, depict a picture that business is doing bad. Probably, it is about time for the gov’t to look at the bank accounts and assets of these FCs so that we would know whether they truly paid the correct taxes. Jail those BIR officers who receive money from these FC.

  • eight_log

    Hindi porke ibinubulsa ng mga corrupt ang pera ng bansang Pilpinas … ok na yung ikaw ang gumastos. Magbayad kayo ng tamang tax … or magdonate kayo sa mga bogus na NGOs nila Enrile, Estrada, Angara at kung sino sino pang mga pilitico dyan … baka maging tax deductible pa ang donation ninyo!!!!

  • Mark

    Anak ng instik-beho nga naman oh, lam nman natin at alam nila na madaming instik ang nd tama o nd nagbabayad ng buwis, ngaun pag pinagsabihan nananakot pa ang mga mokong na ito, na parang mga nagtitinda ng illegal sa bangketa na pag pina alis ay mananakot na magnanakaw na lng.

    Kaya minsan parang naiisip ka na ung mga ransom na binabayad nila tuwing nakikidnap ay parang mga pera na dapat binibigay sa gobyerno bilang buwis.

    • luis dyding

      go see a psychiatrist you might kill your own family!

  • http://www.facebook.com/ireneo.vejarasco Ireneo A. Vejarasco

    Speaking of TAX Evasion, just wonder why PDI has no news about the
    Iloilo City mayoral candidate Rommel Ynion’s arrests for evading taxes.

  • http://www.facebook.com/victor.erica Victor Erica

    if they are really paying correct taxes they wouldn’t mind, and they are not going to make an excuse of their charitable cause in exchange for paying taxes.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Gloomy weather on Black Saturday–Pagasa
  • Mixed feelings for Gabriel Garcia Marquez in hometown
  • Korea ferry captain arrested, divers spot bodies
  • Enrile chief aide back in PH ‘to face charges’–report
  • Pakistan library named ‘bin Laden,’ as memory fades
  • Sports

  • Duke’s Rodney Hood joining Jabari Parker in NBA draft
  • Phelps entered in 3 events at comeback meet
  • Boston prepares for huge wave of marathon visitors
  • Motivated LeBron James preps for postseason
  • Nadal ousted by Ferrer in Monte Carlo quarters
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • OFW from UAE tests negative for MERS-Cov–health chief
  • Multicultural flock marks Good Friday in San Francisco
  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
  • Filipina accomplice arrested for fake bills in Malaysia
  • Marketplace