Government readies estate tax amnesty in 2018
Philstar - 2017-11-29
According to the finance chief, the estate tax amnesty program would be legislated ... such as in the cases of Mighty Corp., Sunvar Realty Development Corp. and Philippine Airlines. He said the program would help generate more funds for the government ...

DOF planning an estate or general tax-amnesty program next year
Business Mirror - 2017-11-28
According to DOF Undersecretary Antonette C. Tionko, the Bureau of Internal Revenue can implement some form of amnesty through administrative measures but in line with the guidelines of the National Internal Revenue Code. "It has to be legislated.

Senate OKs first package of tax reform program on final reading
Philippine Daily Inquirer - 2017-11-28
It fell short of its promise to genuinely reform our tax system to make it more equitable and beneficial to poor families, and reshape consumer behavior towards a more health-conscious populace," said Hontiveros, who stood up to explain her vote.

Government mulls new council for casino privatization
Philstar - 2017-11-27
MANILA, Philippines -- The government is planning to create a new council which will oversee the privatization of the casinos operated by the Philippine Amusement and Gaming Corp. (PAGCOR), the Department of Finance (DOF) said yesterday. In an interview ...

Hype and mighty
Inquirer - 2017-11-27
Never mind that the Court of Appeals already chastised PCC, nothing that, while rules called for "automatic approval" of the deal, PCC insisted on reviewing it, demanding more documents that did not even exist. The CA even used a word to describe PCC ...

NOW to enter residential broadband market
Philstar - 2017-11-27
The company is now implementing the P57 million contracts on e-mail and collaboration system of the Supreme Court. The first residential area that has been activated is Corinthian Village in Quezon City, whose residents may now avail of the high-quality ...

California high court to decide legality of farm worker law
News Philippines Yahoo - 2017-11-27
Opponents say it's government overreach that deprives agricultural employers and workers ... a farm labor expert at the University of California, Davis. In court documents filed with the state Supreme Court, the UFW says a previous law had failed to ...

Villanueva introduces amendments to tax reform bill; pushes for higher taxes on coal, mining
Business Mirror - 2017-11-27
We have given the coal industry the opportunity to grow, in fact, even in spite of the environmental cost they pose and labor violations they commit," Villanueva stressed. Both Villanueva and Sen. Loren Legarda also proposed to lift the exemption of ...

Close to 500 aspiring lawyers no show in Bar exams
The Daily Tribune - 2017-11-27
The Bar exams cover eight subjects, namely, Political Law, Civil Law, Taxation, Labor Law, Criminal Law, Remedial Law, Mercantile Law and Legal and Judicial Ethics. Exams were held on four Sundays of this month starting November 5, 12, 19 and 26 at the ...

P142M in cigarettes destroyed
Philippine Daily Inquirer - 2017-11-27
DAVAO CITY -- Authorities on Sunday destroyed over P142 million worth of cigarettes manufactured by Mighty Corp., which were recently seized for having fake Bureau of Internal Revenue (BIR) stamps. The cigarettes, consisting of nearly five million packs ...

Last day of Bar exams peaceful
Philstar - 2017-11-27
The licensure exam for lawyers covered eight subjects: Civil Law, Criminal Law, Labor Law, Legal Ethics and Practical Exercises, Mercantile Law, Political Law, Taxation and Remedial Law. Associate Justice Lucas Bersamin, who headed the SC Bar exams ...

Giving back, the Suntrust way: Suntrust Properties, Inc. celebrates 20th year
BusinessWorld Online - 2017-11-27
The success of Suntrust Properties, Inc. (SPI) as developer of reasonably priced and meticulously built dwellings would have not been possible without the very people who do the arduous labor of building these places from the ground up and persuading ...

3 key facts on justice, truce, labor now shelved
Philippine Daily Inquirer - 2017-11-27
DAVAO CITY--The decision by President Duterte to end peace talks with communist rebels also effectively shelved for good at least three agreements that government and rebel negotiators were preparing to sign between this month and January. Some members of ...

Makati hits 2017 revenue target in October
Philippine Daily Inquirer - 2017-11-26
The report said the bulk of the revenues came from business taxes totaling P8.2 billion ... This was boosted by the P727.76 million collected from delinquent realty tax payments and penalties. As early as April, Makati City had already attained 70 percent ...

DOLE Clinic opens in Naga City
Philstar - 2017-11-26
On the other hand, the city government of Naga and the Overseas Workers Welfare Administration-7 signed a memorandum of agreement for the establishment of OWWA Help Desk at the city's Public Employment Service Office. The help desk aims to protect and ...

A cruise entertainer seafarer on top of his world
Philstar - 2017-11-26
MANILA, Philippines -- This gentleman does not stop ... "The ambiance felt like a performing arts school, where I had the chance to meet singers and dancers who previously performed on other cruise ships, as we all trained under one roof, eventually ...

Court of Appeals delays distribution of Hacienda Roxas land to farmers
Business Mirror - 2017-11-26
A recent decision by the Court of Appeals (CA) effectively delayed the distribution of land via agrarian reform in Nasugbu, Batangas, owned by publicly listed Roxas and Co. Inc. (RCI) In a 28-page decision penned by Associate Justice Zenaida Galapate ...

The entrants
Business Mirror - 2017-11-26
This time, I write about the outcome of that exercise. After four weekends of solving accounting, auditing, taxation and other related subjects, the verdict is in. There were 4,511 of the 14,816 examinees who passed the CPA Board Examinations. As in the ...

DBP: No longer just a development bank
BusinessWorld Online - 2017-11-26
WHILE competition in the banking sector is just starting to heat up, the Development of ... dropped the plan of the previous administration to merge DBP and another government-owned bank, the Land Bank of the Philippines (Landbank). Instead, the current ...

Confiscated cigarettes used as evidence in Mighty Corp. tax case to be destroyed
BusinessWorld Online - 2017-11-26
Cigarettes with counterfeit tax stamps seized from Mighty Corp. are unloaded at the Holcim Philippines plant in Davao City for destruction. -- LEAN S. DAVAL, JR. DAVAO CITY -- The first batch of more than 9,000 cases containing 4.748 million packs of ...

Cigarettes with fake tax stamps seized from Mighty Corp. destroyed in Davao City
Mindanews - 2017-11-26
The destruction of the cigarettes worth P142.44 million was done at the Geocycle Compound of Holcim Philippines Inc. in Bunawan, Davao City, through a process using a thermal treatment called "co-processing," which uses the materials as a fuel to run ...

Small businesses getting into the tax optimization game
Inquirer - 2017-11-26
PARIS -- Tax optimization is no longer a matter just for the multinationals. A number of market players are now tailoring strategies originally drawn up for the corporate whales to the minnows, or small businesses and independent entrepreneurs. Whether ...

Life is unfair
Inquirer Opinion - 2017-11-24
This means bridging the gap in access to quality education and health services between rich and poor; correcting historically or politically lopsided access to land and natural resources; addressing inequitable access to credit by small and large borrowers ...

Law360's Pro Say: Our Funniest Stories Revisited
Law360 - 2017-11-24
Meat Loaf being hit with a copyright infringement suit, and lobster poaching. Each week on Pro Say, Law360 staffers Amber McKinney, Bill Donahue and Alex Lawson bring you inside the newsroom and break down what you need to know about key legal developments.

Valenzuela inaugurates modernized Justice Hall
Philippine Information Agency - 2017-11-24
In 2016, the Supreme Court opened new RTC branches in the city, prompting the urgent need for new courtrooms and offices locally. EJ Santos immediately went to the LGU for assistance to which the city mayor obliged at once. The City spent P64 million to ...

FDA warns public on proliferation of fake shampoo products
Philippine Daily Inquirer - 2017-11-24
"Counterfeit products, not having gone through the required safety assessment and the verification process of the FDA, pose potential health hazards to the consuming public," the FDA stressed. The agency urged the public to be vigilant against fake ...

2 construction traders in Bicol sued for tax evasion
News Philippines Yahoo - 2017-11-24
Delos Santos, sole proprietress of Saint Therese Commercial Construction and Supply. The Bureau of Internal Revenue (BIR) said the two willfully failed to pay proper taxes. The BIR decided to bring the matter to the Department of Justice (DOJ) after the ...

Japanese, 3 Pinoys nabbed for alleged illegal recruitment - 2017-11-24
However, months after, the jobs had yet to materialize. A check by the CIDG with the Philippine Overseas Employment Administration and the Department of Labor and Employment confirmed that JAPCOM is not licensed to recruit and train people for overseas work.

More on tax reform
Inquirer Opinion - 2017-11-23
The tax system is hopelessly outdated. Tax is an underlying function of any working society, an essential for any government to function. Reducing personal and corporate taxes is way overdue, and essential in giving workers a decent life and making the ...

DOLE Help Desk launched in the city of Naga, Cebu
Business Mirror - 2017-11-23
Also taking place right after the launch was the memorandum of agreement signing between the local government unit of the city of Naga and the Overseas Workers Welfare Administration (OWWA 7) for the establishment of the OWWA Help Desk at the Peso Office.

Group urges SC: Nullify, refund MRT, LRT fare hikes
Business Mirror - 2017-11-23
PARTY-LIST group Bayan Muna on Thursday urged the Supreme Court (SC) to immediately resolve its petition seeking to nullify the fare increase implemented for Metro Rail Transit 3 (MRT 3) and Light Rail Transit (LRT) lines 1 and 2, and refund the money ...

10-mo budget gap hits P235B
Inquirer - 2017-11-23
As spending on public goods and services jumped by more than a fourth in October, the national government widened its budget deficit that month by 830 percent to P21.8 billion from P2.3 billion a year ago. However, the latest data showed that the national ...

Lacson wants VAT back to 10%
Inquirer - 2017-11-22
From the present 12 percent, Senator Panfilo Lacson wants to reduce the value-added tax (VAT) rate on goods and services to the previous 10 percent. "Among my proposed individual amendments is to reduce the VAT rate from 12 (percent) to 10 ...

Drug raids illegal, say 2 SC justices
Philippine Daily Inquirer - 2017-11-22
Police raids on houses of drug suspects without judicial warrants violated the antitorture law and other individual rights enshrined in the 1987 Constitution, two Supreme Court justices said on Tuesday. At the opening of oral arguments in two petitions ...

House plenary vote on Sereno impeach case set on Dec. 13
Business Mirror - 2017-11-22
The lower chamber is expected to take another break on December 13. Meanwhile, the justice committee will invite on its next hearing on November 27 all the 14 Supreme Court associate justices to shed light on the allegation that Sereno falsified several en ...

Making K-12 work: Getting key sectors on board
Business Mirror - 2017-11-22
IN a few months, the first batch of K to 12 students shall graduate from the numerous Senior High Schools ... 10 years of basic education--six years elementary and four years high school--are also assumed to have made these students more mature and ...

Faster spending widens budget deficit in October
Inquirer - 2017-11-22
As spending on public goods and services jumped by over a fourth in October, the national government widened its budget deficit that month by 830 percent to P21.8 billion from P2.3 billion a year ago. However, the latest data showed that the national ...

OWWA urges Siquijor OFWs to avail of social, education benefits
Philippine Information Agency - 2017-11-22
SIQUIJOR, Nov. 20 (PIA) -- The Overseas Workers Welfare Administration (OWWA) regional office urged the Siquijodnon Overseas Filipino Workers (OFWs) and their beneficiaries to avail of their programs and services. Family Welfare Officer Celda Dinoy said an ...

Speaker seeks abolition of Court of Appeals under federal setup
Philippine Daily Inquirer - 2017-11-22
Speaker Pantaleon Alvarez wants the Court of Appeals (CA) to be abolished under a federal form of government, proposing measures to ensure that cases are quickly disposed of and justice given to those who seek it. Speaking before a conference on judicial ...

After 29 years of renting, Ombudsman-Mindanao moves to its own home
Mindanews - 2017-11-22
This is the true foundation upon which this building stands," Elman said ... as mandated by the Constitution," she vowed. Morales, who left for Manila immediately after the inaugural rites, inhibited herself from participating in the probe, as she ...

Alvarez reiterates proposal to abolish Court of Appeals
Philstar - 2017-11-21
MANILA, Philippines -- House Speaker Pantaleon Alvarez on Tuesday renewed his suggestion to abolish the Court of Appeals to improve the judicial system in the country and hasten resolution of cases. Alvarez lamented that cases in courts take too long to ...

Some senators back Duterte plan to tag NPA a terror group
Philippine Daily Inquirer - 2017-11-21
"They burn, destroy, kill innocent civilians to terrorize; they terrorize to sow fear and harass helpless civilians; they harass to extort under the guise of revolutionary taxation," said Lacson, a former chief of the Philippine National ...

PH improves in world talent ranking
Inquirer - 2017-11-21
Under this factor, the country performed poorly in total public expenditure on education as percentage of gross domestic product (60th), pupil-teacher ratio in primary education (62nd), pupil-teacher ratio in secondary education (59th), and female labor ...

OFWs with visas issued before Nov 12 exempted from OEC moratorium
Rappler - 2017-11-21
DOLE earlier issued a department order suspending the processing of OEC after reports of irregularities inside the Philippine Overseas Employment Administration (POEA). POEA is the DOLE attached agency that issues the OEC, a document required of outbound OFWs.

POEA to fire guards, janitors in internal cleansing
Rappler - 2017-11-21
MANILA, Philippines - The Department of Labor and Employment (DOLE) announced Tuesday, November 21, that they will be replacing all the security guards and janitors at the Philippine Overseas Employment Administration (POEA) after reports of illegal ...

Game Co. Wants Alleged 'WoW' Spinoff Out Of Blizzard Suit
Law360 - 2017-11-21
Law360, New York (November 20, 2017, 7:39 PM EST) -- Game developer Lilith Games asked a California federal judge Friday to trim one of its alleged "World of Warcraft" spinoffs from Blizzard Entertainment and Valve Corp.'s copyright infringement suit ...

Israeli court addresses relationship between design protection and copyright
Lexology - 2017-11-21
In Fisher Price Inc v Davron - Import & Export Ltd (CA 1248/15, August 31 2017), the Israeli Supreme Court has addressed, among other things, the relationship between design protection and copyright, as well as trademark infringement and passing off.

Suu Kyi blames world conflicts partly on illegal immigration
Philippine Daily Inquirer - 2017-11-20
NAYPYITAW, Myanmar -- Myanmar leader Aung San Suu Kyi said the world is facing instability and conflict in part because illegal immigration spreads terrorism in a speech Monday that comes as her country is accused of violently pushing out hundreds of ...

Can government randomly imprison OFWs?
Inquirer Opinion - 2017-11-20
SINGAPORE -- Can Labor Secretary Silvestre Bello III randomly imprison people for two weeks? Or if that is too dramatic, prohibit us from traveling to Mindanao because of martial law? Or to Metro Manila to ease Asean Summit traffic? Why is this patently ...

Saving for retirement? Try PERA
Philstar - 2017-11-20
The PERA administrator must be accredited by the Bureau of Internal Revenue (BIR) and must comply with the following requirements: 1. It possesses adequate systems and technological capabilities and the necessary technical expertise and personnel to ensure ...

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