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.
So President Aquino was down with the flu last week, leaving International Monetary Fund managing director Christine Lagarde no choice but to meet with Vice President Jejomar Binay instead.
After years of toiling away as one of the most effective lieutenants in the Philippine business scene, this former government official (who also used to be a deputy in the department he once served) is ready to make his bold leap into a venture where he himself will be the Numero Uno guy.
