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Higher tax collections trimmed deficit in Aug.

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Finance Secretary Cesar Purisima. INQUIRER FILE PHOTO

A higher budget surplus of P29.9 billion was posted in August, which helped slash the deficit to P25.9 billion during the first eight months, the Department of Finance (DOF) reported on Thursday.

Posted: September 26th, 2014 in Latest Business Stories | Read More »

When cash is not king

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Question: I guess I have no choice but to pay taxes once my assets are transferred to my spouse and children when I move on to the next life. But could I just set aside cash in the bank to pay for such taxes? I don’t want my family to have to worry about the tax payment themselves—asked at EnRich™ Estate Planning training program

Posted: September 24th, 2014 in Columnists,Inquirer Columns | Read More »

Biz Buzz: Leaving on a high note

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We hear that San Miguel Corp. chief Ramon Ang isn’t exactly ecstatic about giving up Philippine Airlines, which he nursed back to health for over two years.

Posted: September 19th, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

Miners air anxiety over proposed bill

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Mining companies have expressed their uneasiness over a proposed bill of the interagency Mining Industry Coordinating Council, under which the government will receive a 10-percent share in the industry’s gross sale, or 55 percent of the adjusted net mining revenue, plus a share in windfall profit, whichever is higher. INQUIRER FILE PHOTO

Mining companies in the country have expressed their uneasiness over a proposed bill of the interagency Mining Industry Coordinating Council, under which the government will receive a 10-percent share in the industry’s gross sale, or 55 percent of the adjusted net mining revenue, plus a share in windfall profit, whichever is higher.

Posted: September 19th, 2014 in Editor's Pick,Headlines | Read More »

‘Remove excise tax on gold of small-scale miners’

POT OF GOLD A small-scale miner takes a break after taking out sacks of gold ore from a tunnel at the Acupan mines in Itogon, Benguet province. But there is still no light at the end of the tunnel for cutting taxes on gold sales. RICHARD BALONGLONG / INQUIRER NORTHERN LUZON

Two lawmakers from gold-rich Benguet province want to remove taxes on gold extracted by small-scale miners to curb the smuggling of the precious metal out of the country.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

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