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By Ricardo J. Romulo
Last week, on April 17, the US Supreme Court, through Chief Justice John Roberts, issued a unanimous decision in the case of Kiobel et al. v. Royal Dutch Petroleum et al. (No. 10-1491). Although dealing with a case brought by Nigerians invoking an American statute, the US decision is of interest to us Filipinos because it could impact cases, like those involving Marcos human rights violations, that are brought in the United States by Filipinos for acts committed, not in the United States, but in the Philippines.
Posted: April 26th, 2013 in Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
As a young lawyer, I used to complain to my mentor, Allison J. Gibbs, that often tax laws defy common sense. He would reply that tax laws and their implementation are simply exactions of the state to which logic or common sense take a back seat.
Posted: February 8th, 2013 in Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
IN ADDITION to those discussed last week, Legal Update has four other practical suggestions for local enterprises. Admittedly, no amount of due diligence, no matter how thorough, can unearth all significant data about an enterprise. All investors, local or foreign, know that only too well.
Posted: November 23rd, 2012 in Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
Last week, Prime Minister Stephen Harper of Canada, like other visiting dignitaries lately, described the Philippines as an “emerging Asian tiger.” He coupled that generous description with a pledge to work toward increasing the volume of bilateral trade between Canada and the Philippines from its current level of $1.5 billion.
Posted: November 16th, 2012 in Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
At first blush, the idea of mediation as a mode of settling a dispute between the government and the taxpayer that has already reached the courts seems strange. It is precisely because there was no settlement at the lower levels that the matter was raised to the level of the courts. So, how then could there be, at this seemingly late stage, any possibility of mediation?
Posted: September 8th, 2012 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
The annual filing of our income tax returns every April is never a pleasant experience. Not only do we part with our money, but filling out the ITR is also a fine art in itself.
Posted: April 28th, 2012 in Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
Anytime now, the names of those who passed the bar examinations given last year will be released by the Supreme Court. The lucky ones will hold the distinction of being the first passers of the reformed examination format adopted by the high court under Bar Matter No. 2265, principally instituting the combination of the new multiple choice questions, designed to test knowledge of the law, with the more traditional essay type questions, intended to measure the ability to argue and persuade. They will bask in the wave of congratulatory parties; and for many a day savor the triumphant feeling of having arrived.
Posted: February 10th, 2012 in Columnists,Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
The case recently filed by Revenue Commissioner Kim Henares under the revitalized Run-After-Tax Evaders (RATE) program of the government against a tax practitioner recalls a tax evasion conviction, reported in the New York Times, that was handed down by the United States District Court in Las Vegas more than 10 years ago involving a former Internal Revenue Service (IRS) lawyer.
Posted: December 2nd, 2011 in Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
Early this month, the Financial Times reported on another attempt by PCCW, a company controlled by Li Ka-shing’s son, Richard Li, to list with the Hong Kong Stock Exchange, a business trust consisting of assets worth about $2 billion spun-off from the dominant phone company’s fixed line and mobile business. Such a listing, if eventually [...]
Posted: September 23rd, 2011 in Columnists,Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »
By Ricardo J. Romulo
THE RAINS last week brought about by Tropical Storm “Falcon” and the southwest monsoon or habagat opened our eyes to things that had quietly come our way recently and at the same time reminded us of things we have yet to do, among them, to definitively solve the flooding problem that has been haunting us [...]
Posted: July 1st, 2011 in Columnists,Columns,Featured Columns,Inquirer Opinion | Read More »
