Tax holidays lead to P300-B lost revenues yearly
Journal Online - 2018-01-13
He said these incentives totaling P301.22 billion do not yet include exemptions from the payment of local business taxes and ... agreements signed by the Philippines with other countries. "So on average, we gave away up to 1.5 percent of our GDP in ...

Singapore Android TV sellers face copyright infringement charges
ZDNet - 2018-01-13
Industry group Coalition Against Piracy has filed a copyright lawsuit against two Android TV box sellers in Singapore, sparking interest in what may be a landmark ruling on a long-debated issue regarding streaming devices. Synnex Trading and An-Nahl as ...

No one can give what one does not have
Inquirer - 2018-01-13
CA, G.R. No. 132161, January 17, 2005) Ma. Soledad Deriquito-Mawis Dean, College of Law, Lyceum of the Philippine University Chairperson, Philippine Association of Law Schools Attorney-at-Law Don't miss out on the latest news and information.

My brother has a gayfriend
Visayan Daily Star - 2018-01-13
I am 38 years old, married and have 2 kids. My husband was been a seafarer for many years now. I would say we are blessed to have everything in life. Even my 2 siblings working abroad are doing well, too. My older brother who is still single is working in ...

News Briefs
Philippine Daily Inquirer - 2018-01-13
Following a complaint from Nike Philippines, the BOC seized recently 2,500 sacks of apparel containing counterfeit products of such brands as Nike, Adidas and Under Armour costing at least P700 ...

Universities need to shape up
Inquirer Opinion - 2018-01-12
The USAID Science, Technology, Research and Innovation for Development (STRIDE) program is a unique initiative that aims to boost the responsiveness of Philippine universities to the science and technology requirements of the private sector. This is ...

First OFW Global Summit, a success
GMA News - 2018-01-12
And since OWWA and DFA reported an increase in their budgets for use in these type of problems it was urged that they implement win-win solutions like hiring more qualified personnel and lawyers adapted to the Middle East culture to effect better ...

Corporate tax incentives estimated at 2% of GDP
BusinessWorld Online - 2018-01-11
REVENUE foregone by the government via incentives to large enterprises totaled P301 billion in 2015, equivalent to 2% of the economy, the Department of Finance (DoF) said. In a statement, Finance Undersecretary Karl Kendrick T. Chua said income tax ...

Party-list legislators to SC: Freeze implementation of tax-reform law
Business Mirror - 2018-01-11
A PETITION was filed on Thursday by three lawmakers before the Supreme Court (SC) seeking to stop the implementation of the controversial Tax Reform for Acceleration and Inclusion Act (TRAIN), or Republic Act (RA) 10963, for being unconstitutional.

Tax on compensation income, in a nutshell
Business Mirror - 2018-01-11
By the passage of the law, several provisions of the National Internal Revenue Code of 1997 were amended. One of the salient features that directly affect most employees is the change in the tax rates on compensation income from the previous 5 percent to ...

Inflation may rise as high as 4% due to TRAIN, says Lacson
Philippine Daily Inquirer - 2018-01-11
"Yung inflationary effect talagang mafe-feel ito. Why? Kasi unang una yung sa fuel. Ngayon pa lang nagtataasan na. Yung Meralco sabi nila magbababa sa Enero. Jan. 11 na tayo e pero Pebrero magtataas sila dahil may impact din sa fuel kasi gumagamit ng ...

Still Wondering Whether SCOTUS Will Resolve The Copyright Registration Debate
JD Supra - 2018-01-11
... pending at the United States Supreme Court involving the question of when a copyright holder can properly file a copyright infringement lawsuit. The petitioner, Fourth Estate Public Benefit Corp., has framed the issue in its petition for certiorari as ...

Budget chief douses hopes public school teachers for doubled pay
Philippine Daily Inquirer - 2018-01-11
Second tax reform package The second tax reform package would bring down corporate income tax rate from 30 percent to 28 percent in 2019 and to 25 percent in 2021, similar to the rates in neighboring countries. According to Diokno, the DBM plans to tap a ...

Duterte promises to double pay of public school teachers
Philippine Daily Inquirer - 2018-01-10
The second tax reform package is expected to lower the corporate income tax rate and put them at the same level as that in neighboring countries. It would also rationalize fiscal incentives. Only those that are performance-based, time bound, targeted and ...

Enjoying the TRAIN ride
BusinessWorld Online - 2018-01-10
On Dec. 19, 2017, President Rodrigo Duterte signed into law Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN), which aims to make the taxation system fairer, simpler, and more efficient. The TRAIN provisions unwrapped in December ...

Bills on revising Constitution up for discussion again in Senate
Philippine Daily Inquirer - 2018-01-10
Richard Gordon Senate Bill No. 128 by Sen. Miguel Zubiri Pangilinan, who is president of theLiberal Party, said Constitution experts and members of the academe, the business sector, labor, civil society, and other concerned stakeholders would be invited to ...

SEC warns public on risks of investing in virtual currencies
Inquirer - 2018-01-10
The SEC also warned those who invite or recruit other people to join or invest in unregistered investment contracts or securities that they may be held criminally liable or penalized in accordance with the Supreme Court decision in the case of SEC vs.

Apotex Gets PTAB To Trim OSI's Cancer Drug Patent
Law360 - 2018-01-10
Law360, New York (January 9, 2018, 7:04 PM EST) -- The Patent Trial and Appeal Board on Monday invalidated several claims in an OSI Pharmaceuticals LLC patent that covers its cancer medication Tarceva, as part of an inter partes review requested by Apotex ...

India: Facebook removed nearly 3 Million posts following Intellectual Property related complaints
Lexology - 2018-01-10
Taking a very strong step towards the fight against counterfeits, Facebook axed nearly 3 million posts from its services during the first half of 2017, following complaints of copyright and trademark infringement this year. The data in the report show ...

Radiohead are bringing an action against Lana Del Ray for copyright infringement - but what is copyright?
Lexology - 2018-01-10
Rock band, Radiohead, are reportedly in the process of bringing an action against singer, Lana Del Ray, for copyright infringement of their song Creep. The reported claim is that her song Get Free is allegedly sufficiently similar to Creep to entitle ...

Duke Energy agrees to pay $84K penalty for coal ash leaks
News Philippines Yahoo - 2018-01-09
Southern Environmental Law Center attorney D.J. Gerken said the deal commits the country's largest electricity company to stopping the pollution.

PHL to have more funds for antipoverty programs
Business Mirror - 2018-01-09
Teresa S. Habitan said via SMS. The Bureau of Internal Revenue (BIR) is expected to collect P2.039 trillion in 2018; P2.309 in 2019; P2.616 trillion in 2020; P2.942 trillion in 2021; and P3.312 trillion in 2022. The DOF projected that the Bureau of Customs ...

Senate minority awaits Supreme Court ruling on validity of longer martial-law extension in Mindanao
Business Mirror - 2018-01-09
THE Senate minority bloc is backing a petition filed by Makabayan congressmen asking the Supreme Court (SC) to junk a longer extension of martial law in Marawi by another year. The first 90- day extension expired last December 31, and a second extension ...

360 laws shield business from corporate tax
Business Mirror - 2018-01-09
Big business and other private firms pay the equivalent of only 3.7 percent of local output or the GDP as income tax as a result of a plethora of legislation showering these otherwise very profitable companies with tax breaks and other perks, the ...

Our Supreme Court, is it still supreme?
Inquirer Opinion - 2018-01-08
The following are the current Supreme Court Justices: Six of the justices are from the University of the Philippines, five from Ateneo, two from San Beda, and one each from UST and UE. Two are retiring this year -- Velasco and De Castro, and six next year ...

QC implements easier scheme for tax payment
Business Mirror - 2018-01-08
To protect residents and business owners, the local government of Quezon City has reiterated its call to all taxpayers not to deal with fixers in paying their taxes. "Every year we renew our call to taxpayers not to deal with fixers for their tax ...

New tax regime for the new year
Inquirer - 2018-01-08
In this regard, Internal Revenue Commissioner Caesar Dulay issued RMC 105-2017, providing a revised Withholding Tax Table pursuant to RA 10963 to be used by every employer making compensation payments beginning Jan. 1, 2018: For businesses with annual ...

BIR probes tax records of Atong Ang
Philippine Daily Inquirer - 2018-01-08
The Bureau of Internal Revenue (BIR) has disclosed that it was examining the tax records of gambling operator Charlie "Atong" Ang, who had been implicated in a public spat between officials of the Philippine Charity Sweepstakes Office (PCSO).

Changing the ways of doing business in PH
Inquirer Opinion - 2018-01-07
A new year is a time for change. A survey of the SWS shows that 96 percent of Filipinos are hopeful at the start of 2018. The World Bank and Asian Development Bank have issued positive forecasts on the economy given the potentials of increased public ...

Senate panel eyes end-January deadline for tackling tax amnesty
Business Mirror - 2018-01-07
Nancy S. Binay as coauthor. Its long title is "An Act of Enhancing Revenue Administration and Collection By Granting An Amnesty On All Unpaid Internal Revenue Taxes Imposed By The National Government For Taxable Year 2015 And Prior Years." Urgency to ...

Labor group urges govt to inspect all PHL malls citing fire-safety standards violations
Business Mirror - 2018-01-07
The Metro Retail Group Inc., for its part, said all customers and mall personnel ... Inspecting malls, he added, will help in the reduction of fire incidents in department stores. "There is a widespread violation of malls owners to fire-safety standards ...

Lawmakers keen on easing economic restrictions in Constitution via Con-ass
Business Mirror - 2018-01-07
Corazon Nuñez-Malanyaon of Negros Oriental is handling the provisions on the Executive-Legislative (Articles VI and VII); New article on Federal and Regional Powers, Numbers of States; and Local Government and Taxation/Allocation of Resources (Article X).

Yields on government debt flat on upbeat Fed minutes
BusinessWorld Online - 2018-01-07
YIELDS on government securities (GS) traded in the secondary market were flat last week amid the upbeat tone of the Federal Open Market Committee (FOMC) meeting minutes, US employment report and domestic inflation data. On average, GS yields -- which move ...

Filipinos of the Year 2017: Pinoy Ako Blog and other voices vs fake news
Philippine Daily Inquirer - 2018-01-07
Collectives have been recognized, including the Supreme Court in 2001, Filipino volunteer rescuers in 2009 (Tropical Storm "Ondoy") and 2011 (Tropical Storm "Sendong"); the "Tres Marias" Sen. Leila de Lima, Ombudsman Conchita Carpio Morales and ...

NGO warns vs online scheme collecting $10 per OFW
Global Nation - 2018-01-07
A nongovernment organization (NGO) specializing on labor migration warned medical clinics and recruitment agencies catering to overseas Filipino workers (OFWs) not to fall for a scheme hatched allegedly by the Gulf Cooperation Council (GCC) Ministry of ...

Group urges fire safety audit of all shopping malls
Philippine Daily Inquirer - 2018-01-07
The Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) on Sunday called for a fire safety audit of shopping malls across the country following reports of widespread violation of fire safety standards by property owners. The proposal ...

US Congress may need stopgap even with a budget agreement
Business Mirror - 2018-01-06
"It also remains important that members of Congress do not hold funding for our troops hostage for immigration policy." Senatr Democratic leader Charles Schumer and House Democratic leader Nancy Pelosi, who are pushing to raise domestic spending and ...

Economic expert warns Train can deliver negative effects to economy
Inquirer - 2018-01-06
That means the poorest 23 million Families that have no income tax benefits will pay higher taxes.) Instead of imposing higher taxes to the general public, the government should improve its collection of corporate income tax, which is about P300 to P400 ...

Navigating his way to success in a period of war and strife
China Daily - 2018-01-05
photos provided to china daily A look at the life of James S.C. Chao, the man who worked his way up from a seafarer to the chairman of a shipping group The story of James S.C. Chao, the chairman of international shipping and finance company Foremost Group ...

Member agencies of IPUNET vow to strengthen cooperation, resolve investor issues and concerns
Philippine Information Agency - 2018-01-05
Bagaporo (seated, first row, sixth from the left), DILG-Bureau of Local Government Development Director ... Manila International Airport Authority (MIAA), National Commission on Indigenous Peoples (NCIP), National Economic and Development Authority ...

WIPO Releases 2017 Report Detailing Global Intellectual Property Activity
Lexology - 2018-01-05
The World Intellectual Property Organization ("WIPO") has released its 2017 World Intellectual Property Indicators Report ("Report") outlining territorial rankings on global intellectual property activities during 2016. The Report provides ...

Economists: Brace for faster price increases in 2018 due to tax reform law
Inquirer - 2018-01-04
As for Ateneo de Manila University economics professor Alvin P. Ang and Land Bank of the Philippines market economist Guian Angelo S. Dumalagan, they projected a slightly lower 3.2-percent hike in consumer prices last month. "Headline inflation likely ...

Testimonies lead to tax raps against Taguba, Dong
BusinessWorld Online - 2018-01-04
BIR further noted that Mr. Taguba, as indicated in his sworn affidavit, is a "businessman engaged in the trucking business and in the financing of various ancillary ventures such as logistics, brokerage, lending, trading and agricultural production."

DoF chief touts collection, spending rise
- 2018-01-04
THE GOVERNMENT grew tax collections and disbursements at a double-digit pace last year, the Finance chief said yesterday, citing preliminary data. “Indicative 2017 collection performance of BIR 12.5% growth BoC 17% growth,” said Finance Secretary Carlos G. Dominguez III in a Viber message to reporters on Thursday, referring to top revenue-generating agencies Bureau of Internal …

Reverse exodus gathers flocks of departing passengers at Naia
Business Mirror - 2018-01-04
This time, however, immigration booths are properly manned, allowing for a smooth flow of passenger traffic. Manila International Airport Authority General Manager Ed Monreal instructed his men to prepare for the expected buildup of departing passengers ...

Binay orders extended work hours for business permits, tax payments
Business Mirror - 2018-01-04
Makati Mayor Abigail Binay announced on Thursday that the Business Permits and Licensing Office (BPLO) and other frontline offices of the city will be open after office hours and on weekends to accommodate applications for renewal of business permits and ...

Estrada suspends classes, work in Manila on Jan. 9
Business Mirror - 2018-01-04
In an advisory released on Thursday, the SC Public Information Office (PIO) said work in the High Court, Court of Appeals (CA) and trial courts in Manila would be suspended due to the expected "difficulty of travel to and from the courts in the city of ...

Luxury US resort accused of trafficking Filipinos, other Asians
Global Nation - 2018-01-04
LOS ANGELES -- An upscale Southern California ... J-1 visa workers were from the Philippines, the complaint said. Jon Tuason, a US citizen who grew up in the Philippines, was recruited by the company while a culinary school student in the Philippines ...

PEZA firms urged to source raw materials from local sources
Inquirer - 2018-01-04
The Philippine Economic Zone Authority (Peza) wants domestic companies to know which imports could be replaced by local supplies, a move aimed at cutting the dependence of its registered companies that usually source three-fourths of their materials abroad.

Bacolod business one-stop
Visayan Daily Star - 2018-01-04
In an interview, Masculino said they are hoping that the equipment they requested from the Department of Agriculture will be given to them this year to help more farmers with problem in manual labor scarcity. Earlier, OPA reported cases of decreasing farm ...

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