Stung by Aquino harsh words, Chinoy traders turn stingy
By Gil C. Cabacungan
Filipino-Chinese businessmen are still smarting from President Benigno Aquino III’s castigations on alleged tax evasion by some of its members.
Filipino-Chinese businessmen are still smarting from President Benigno Aquino III’s castigations on alleged tax evasion by some of its members.
The Aquino administration will use the Bureau of Internal Revenue’s yearly lists of top taxpayers to sniff out tax cheats and as basis for the audit of suspected tax cheats.
One of the very first directives that President Benigno Aquino III issued to revenue-generating agencies when he assumed office in 2010 was for them to stamp out tax evasion and smuggling.
The head of the 207-member Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) has vowed to strongly support not only the government’s tax collection campaign but also President Aquino’s “Daang Matuwid” crusade.
Not a few people were surprised when word appeared on social media that the Bureau of Internal Revenue has offered a P150-million reward for anyone who could provide “prima facie evidence” that supports what appears to be the agency’s ongoing probe of Cosmetique Asia Silka Papaya (yes, the firm that makes that whitening soap product).
The Department of Finance is pushing for quicker action on cases against alleged tax evaders, smugglers and erring government employees as the department vowed to go for a more aggressive anticorruption campaign.
The Bureau of Internal Revenue (BIR) filed a tax evasion case, on Thursday, against a gold trader who under-declared his income from 2006-2009, the period where he sold gold and silver to the Bangko Sentral ng Pilipinas (BSP) worth P872.68 million.
A global anti-money laundering watchdog has kept the Philippines on a so-called “gray” list of countries being monitored for compliance with internationally accepted standards against harboring tax evaders.
The Bureau of Internal Revenue filed a tax evasion case at the Department of Justice on Thursday against a fruit and vegetable dealer and his accountant for allegedly cheating the government out of close to P47 million in income taxes in 2010 and 2011.
It’s summer in Metro Manila, and for the life of me, it seems as if every year is hotter than the last—thank heavens for the rains of the past week!
The Bureau of Internal Revenue (BIR) on Thursday filed a tax evasion complaint before the Department of Justice against a fashion company.
Philippine gold output dropped by nearly a fourth despite high global prices, pushing government to look into possible “unauthorized” sales by small-scale miners trying to evade taxation.
