Biz Buzz: A taxing bonus
By the staffA controversy arose over the recent pronouncement of Internal Revenue chief Kim Henares that Christmas bonuses would be subject to withholding tax.
A controversy arose over the recent pronouncement of Internal Revenue chief Kim Henares that Christmas bonuses would be subject to withholding tax.
Corporate Philippines has modestly improved its standing on a regional watchlist compiled by investment house CLSA Asia-Pacific Markets as the Aquino administration ushered in much-needed governance reforms, tackling government corruption and improving transparency and accountability.
Investment group CLSA Asia-Pacific Markets sees the main-share Philippine Stock Exchange index surging by about 13.6 percent to end at 4,900 next year. This was based on expectations that corporate earnings will be aided by resilient domestic consumption, increased government spending and monetary easing. In a research dated Dec. 9 titled “Looking Good in 2012,” [...]
