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Finance chief eyes tax overhaul

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An overhaul of the country’s entire tax structure may be overdue, according to Finance Secretary Cesar V. Purisima. This comes as authorities struggle to meet monthly revenue targets due to established leakages that promote inequity by sourcing most of the state’s money from fixed salary earners. Finance authorities argue that several parts of the law need [...]

Posted: August 25th, 2014 in Headlines | Read More »

Customs seizes Harbor Star tugboat

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Bureau of Customs. INQUIRER FILE PHOTO

Harbor Star Shipping Services Inc., a leading provider of harbor assistance, lighterage, salvage and towing services in the country, is at odds with the Bureau of Customs over a tugboat importation.

Posted: August 22nd, 2014 in Latest Business Stories | Read More »

Simplifying the tax system redux

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“The only thing that is constant is change,” said Greek philosopher Heraclitus. Here, the constancy of change is colliding with a seemingly irresistible force—inertia against tax reform. But the Asean economic integration in 2015 and the need to be competitive may yet be the catalyst for change.

Posted: August 18th, 2014 in Columnists,Inquirer Columns | Read More »

Equal treatment on tax breaks

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With the controversy over the Disbursement Acceleration Program still unsettled, another issue has come up that may aggravate the present testy relationship between the executive branch and the judiciary.

Posted: August 11th, 2014 in Columnists,Inquirer Columns | Read More »

BIR rule seen to trigger capital flight

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The Bureau of Internal Revenue AFP FILE PHOTO

Nine of the country’s most influential business groups—including the entire banking and capital market industry—have warned of capital flight arising from a new Bureau of Internal Revenue (BIR) regulation requiring the submission of an alphabetical list (alphalist) of payees of income payments subject to withholding taxes.

Posted: August 4th, 2014 in Editor's Pick,Headlines | Read More »

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  • Sports

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  • V-League: Air Force shakes off poor start, finishes PLDT in four
  • Gilas Pilipinas 12 all set for Spain
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  • Caroline Wozniacki has bad hair day at US Open
  • Lifestyle

  • WHO asked to denounce ‘gay cures’, declare homosexuality isn’t a disease in China
  • In Peta’s ‘FnL,’ Balagtas meets Bekimon, Jologs and everything else in between
  • A flavor out of favor: Dog meat fades in S. Korea
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  • CBCP head douses ‘holy’ water on ice bucket challenge
  • Entertainment

  • Spokesman: Angelina Jolie and Brad Pitt married Saturday in France
  • Party in style when Italian DJ Papa performs at Buddha-Bar Manila
  • Japanese rock band famous for anime theme songs hints at PH concert
  • One for the Aegis
  • Nora Aunor on UP honor: Is this for real?
  • Business

  • Ayala Corp. lands on Forbes’ ‘Fabulous 50’ of Asia Pacific for 2nd time
  • PH economy grows 6.4% in Q2; strong manufacturing cited
  • Henry Sy of SM empire PH’s richest for 7th consecutive year—Forbes
  • Philippine economy grew by 6.4 percent in Q2–Neda
  • US stocks drift higher; S&P 500 holds on to 2,000
  • Technology

  • Bill vs techy intruders mistaken as anti-selfie bill
  • Hello Kitty shocker ‘s-purrs’ online outcry
  • Apple to unveil ‘iWatch’ on September 9–report
  • Apple loses bid to block sales of 9 Samsung phones
  • Instagram launches time-lapse video app for iPhone
  • Opinion

  • Editorial cartoon, August 28, 2014
  • Decapitating the truth
  • ‘Let them eat cake’
  • Disputing treason because of Itu Aba
  • Should we amend the Constitution?
  • Global Nation

  • Gazmin to tap ‘international networks’ to help determine Filipinos in ISIS
  • Filipina one of Harvard Business School’s outstanding alumni
  • Korean commits suicide in Tayabas hotel
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  • Coast Guard staff in Balintang Channel shooting seek dismissal of homicide raps
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