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.
Asian markets were mixed in limited holiday trade Friday amid renewed eurozone debt fears as attention turned to Spain’s finances after a weak bond auction earlier in the week.
Businessman Manuel Pangilinan has asked the Supreme Court to reverse its decision on how much local telecommunications behemoth Philippine Long Distance Telephone Company (PLDT) can be owned by foreigners.
