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Tax amnesty for billionaire Pacquiao? Why?

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What, tax amnesty for Manny Pacquiao? For heaven’s sake, why? Pacquiao is a billionaire who can afford to pay, and should pay, the correct income taxes. Is this what we have come to, a billionaire tries to cheat on his taxes and he is granted tax amnesty?

Posted: December 6th, 2013 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

Achievements

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A remarkable year 2012 was. In his time, President Fidel Ramos brought about some dramatic changes in the business environment—changes that to this day we are still benefiting from. He deregulated the key sectors—sectors that are now vibrant and competitive: telecom (there would be few cell phones today if PLDT had retained its monopoly), power (we’d still be having blackouts), oil and banking.

Posted: January 3rd, 2013 in Columnists,Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

More than lip service

Incredibly enough, the Republic of the Philippines counts over a century of existence but only recently made its first successful conviction of a tax evader. The landmark case against businesswoman Gloria V. Kintanar, who has been ordered arrested by the Court of Tax Appeals, hinged on her having evaded P15 million in back taxes on commissions she earned from her multilevel marketing business. Kintanar blamed her accountants for her failure to file income tax returns in 2000 and 2001. The tax appeals court, in a decision upheld by the Supreme Court, ruled that the businesswoman knew her legal obligations but that she “nevertheless, voluntarily, knowingly and intentionally failed to file the required returns.”

Posted: September 4th, 2012 in Editor's Pick,Editorial,Inquirer Opinion | Read More »

Bible-quoting believers should also act out words of Yahweh

People who are quick to recite verses in the Bible and invoke the high heavens, more often than the rest of us, always make me very wary in my gut. More so, when his biblical incantations are in relation to purely secular issues. That he is a man of the cloth, or a pound-for-pound king, or a politician only makes it worse for these people have the bigger, sacred duty to God, to their “flock” and to the nation to abide by the process of finding the truth, instead of just imploring heavens or crying political harassment.

Posted: May 1st, 2012 in Inquirer Opinion,Letters to the Editor | Read More »

RATE’s not-so-gentle reminder

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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 »

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