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SC upholds tax refund for PAL

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PAL. FILE PHOTO

The Supreme Court has upheld the Court of Tax Appeals’ order for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to refund to Philippine Airlines some P4.55 million in excise taxes that PAL had paid, under protest, in 2007 for its imported cigarette and liquor supplies for its international flights.

Posted: September 19th, 2014 in Latest Business Stories | Read More »

SC stops BIR on ‘alphalist’ disclosure

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The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

The Supreme Court on Tuesday stopped the Bureau of Internal Revenue (BIR), the Department of Finance (DOF) and the Securities and Exchange Commission (SEC) from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.

Posted: September 10th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

SolGen asks SC to restore raps against Sulpicio owner

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INQUIRER FILE PHOTO

The Office of the Solicitor General has asked the Supreme Court to reconsider its decision clearing Sulpicio Lines Inc. owner Edgar Go of liability for the tragic sinking of MV Princess of the Stars during a typhoon in 2008, where some 800 people were killed.

Posted: August 16th, 2014 in Latest Business Stories | Read More »

Pacquiaos ask SC to stop tax court

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Manny and Jinkee Pacquiao File Photo by Elton Lugay

World boxing champ and Saranggani Rep. Manny Pacquiao and his wife Jinkee have asked the Supreme Court to stop the Court of Tax Appeals (CTA) from requiring them to deposit a cash bond of P3.29 billion or a surety bond of P4.94 billion as a condition to suspend the collection of their alleged tax deficiencies in 2008 and 2009.

Posted: August 16th, 2014 in Latest Business Stories | Read More »

Delfin Lee will rot in jail alright–Binay

By
Jejomar Binay

If there’s anything that would put detained real estate magnate Delfin Lee in jail for good, it would be of his own doing.

Posted: May 21st, 2014 in Latest Business Stories | Read More »

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