ERRATUM on P14-M refund to PNB

We ran an erroneous story entitled “Supreme Court allows P14-M refund to PNB.” The high court did not order such a refund to the Philippine National Bank. It, however, affirmed a Court of Tax Appeals order cancelling the need for PNB to pay documentary stamp tax on “interbank call loans.” We regret the error. The story has been deleted from our archives.