Banks can reap double amnesty from tax truce
BusinessMirror. - 2016-06-30
The extra tax collected by the government will do double duty ... In the absence of a deep local-currency corporate bond market, any gains from new credit growth will primarily go to banks. All this presupposes that those disclosing their wealth will ...

Brexit Impact on Intellectual Property Rights to Be Known Only After UK Exit Terms Finalized
JD Supra - 2016-06-29
Although the United Kingdom (UK) vote to leave the European Union (EU) will ultimately impact intellectual property (IP) rights in both territories, the UK remains a member of the EU until the exit terms are formalized, so there is no immediate impact and ...

BIR files tax evasion rap vs former LTO chief Suansing
Philippine Daily Inquirer - 2016-06-29
The Bureau of Internal Revenue (BIR) on Wednesday filed a tax evasion complaint against former Land Transportation Office (LTO) chief Alberto H. Suansing, now president of North Star Port Development Corporation (North Star). Also included in the complaint ...

Brexit Impact on European Patents and Trademarks
JD Supra - 2016-06-28
On June 23, in the popularly-termed "Brexit" referendum, the United Kingdom voted to exit the European Union, a decision which will have wide-ranging effects, including potential effects on intellectual property rights in the UK. Under Article 50 of ...

Huckabee Settles 'Eye Of The Tiger' IP Infringement Suit
Law 360 - 2016-06-28
Law360, Los Angeles (June 27, 2016, 9:03 PM ET) -- Former Republican presidential candidate Mike Huckabee's campaign has settled a copyright infringement suit in Illinois federal court that accused him of using the Grammy-winning song "Eye of the Tiger ...

Why a Bipartisan Bill Is Pitting the Biopharma Industry Against Itself
FORTUNE - 2016-06-27
John McCain and potential Hillary Clinton running mate Sen. Sherrod Brown--are proposing intellectual property legislation which is already pitting industry players against each other. Pointing to skyrocketing medication prices, including for old ...

BREXIT | UK envoy: No 'abrupt' changes in policies on migration, trade, taxation
MSN - 2016-06-27
MANILA - Despite sweeping global perception that the referendum outcome agreeing to the departure of the United Kingdom from the European Union was largely a vote against migration, British Ambassador to the Philippines Asif Ahmad on Monday said the ...

Brexit and your UK and European IP rights
Lexology - 2016-06-27
On Thursday last week the United Kingdom (UK) voted to leave the European Union (EU). The result will be a period of legal uncertainty about Intellectual Property (IP) rights, however there is a period of two years (at least) during which the status quo ...

PCSO grants ambulances to Iloilo
BusinessMirror. - 2016-06-26
Bunye for being named president of the Licensing Executives Society International (Lesi), an international organization of professionals involved in the licensing, transfer and management of intellectual-property rights. I am proud to say that Trisha is ...

POEA warns vs bogus job orders for Japan
Manila Bulletin - 2016-06-26
The Philippine Overseas Employment Administration (POEA) is warning household service workers (HSW) and caregivers aspiring for work in Japan against a new fraudulent online recruitment scheme. POEA Administrator Hans Cacdac issued the advisory after ...

POEA warns vs bogus job orders for Japan
Manila Bulletin - 2016-06-26
The Philippine Overseas Employment Administration (POEA) is warning household service workers (HSW) and caregivers aspiring for work in Japan against a new fraudulent online recruitment scheme. POEA Administrator Hans Cacdac issued the advisory after ...

Higher May tax take still misses goal
Inquirer - 2016-06-24
To achieve the intent of these treaties of reducing double taxation and preventing fiscal evasion, administrative procedures in applying the provisions of these tax treaties must be duly established and enforced," Henares explained in Revenue Memorandum ...

Bounty for illegal recruiters, incoming Labor secretary says
Manila Bulletin - 2016-06-24
Illegal recruiters have joined drug traffickers on top of the priority list in the campaign to eliminate criminality that will be pursued by the incoming administration of President Rodrigo Duterte. There will also be a bounty on the heads of the illegal ...

BIR ordered to return P94.6 million to Air Philippines
Inquirer - 2016-06-24
The tax refund in question was for the payments in protest made by Air Philippines for the series of importations of Jet A-1 fuel it has made in 2006. The airline firm filed a written protest with the District Collector of Customs but to avoid the lapse of ...

POEA 12 warns anew against illegal recruiters
news.pia.gov.ph - 2016-06-23
KORONADAL CITY, South Cotabato, Jun 23 (PIA) - The Philippine Overseas Employment Administration reminded aspiring Overseas Filipino Workers (OFWs) in the SOCCSKSARGEN Region to be vigilant against illegal recruiters offering jobs abroad. POEA 12 ...

Traffic plans before traffic powers
thestandard.com.ph - 2016-06-23
An ancient Filipino proverb goes: "Traffic in Metro Manila is hell." The problem has been around for what seems like ages, and the statement has become a truism. Instead of improving the past six years, given the much vaunted "straight path" and ...

Copyright Flash Report: Attorneys' Fees and Pre-1972 Safe Harbor
JD Supra - 2016-06-22
Vimeo, LLC, Nos. 14-1048/1049/1067/1068 (2d Cir. June 16, 2016) Leval, J. In a suit alleging copyright infringement of plaintiffs' pre-1972 sound recordings by videos posted by third parties to defendant Vimeo's website, the Second Circuit affirmed in part ...

Proposed amendments to the Corporation Code of the Philippines
BusinessMirror. - 2016-06-22
Small corporation--a corporation with stockholders (incorporators ... The author is a senior associate of Du-Baladad and Associates Law Offices, a member-firm of World Tax Services Alliance. The article is for general information only and is not intended ...

Tax reform bill to be pursued in 17th Congress
Manila Bulletin - 2016-06-22
"Tax reform is finally going to happen ... on Monday that the Duterte administration will update the income tax brackets and eventually lower corporate and individual tax rates. Quimbo noted that tax brackets remain unadjusted since 1997.

SSS accomplishments during the last six years: Reaching out to OFWs
BusinessMirror. - 2016-06-22
In 2010 the SSS had 13 foreign representative offices (FROs) in countries with large concentrations of OFWs, and one representative office at the Philippine Overseas Employment Administration building in Mandaluyong City to service departing and returning ...

TIMELINE: Aquino's love-hate relationship with OFWs
Rappler - 2016-06-21
(READ: 'INFOGRAPHIC: Getting to know the OFWs' ) According to the Philippine Overseas Employment Administration (POEA), there were a total of 1,832,668 OFWs in 2014 - 1,430,842 land-based and 401,826 sea-based. Just about anywhere in the world ...

Pentagon Wants Feedback On IP Rights In Defense Acquisition
Law 360 - 2016-06-21
Law360, New York (June 21, 2016, 3:54 PM ET) -- The U.S. Department of Defense on Tuesday sought feedback on regulations regarding intellectual property rights in technical data and the validation of proprietary data restrictions in defense acquisition ...

Government sets Q3 domestic borrowing at P135B
Inquirer - 2016-06-21
He said the Duterte administration would eventually lower the corporate and individual tax rates, which, currently at 30 percent and 32 percent respectively, were among the highest in the region. To compensate for the revenue leaks from lowering the income ...

Business leaders give economic agenda to Duterte
BusinessMirror. - 2016-06-21
Barcelon were: Adoption of a comprehensive tax-reform package, including the reduction of corporate-income tax and personal-income tax. Capital- gains tax rates should be reviewed. Tax systems should be simplified for micro, small and medium enterprises ...

Duterte urged to lower corporate, personal income taxes
Manila Bulletin - 2016-06-21
The Philippine Chamber of Commerce & Industry (PCCI) recommended to incoming Duterte administration to push for lower corporate tax and personal income tax as the top priorities under the comprehensive tax reform package. PCCI President George ...

Duterte govt tax reforms will be fair, friendly to workers, business - Angara
MSN - 2016-06-21
He said corporate taxes will be adjusted to be competitive with the rest of the region to make the economy more competitive for investments. Angara has also filed a bill reducing the corporate income tax rate, noting that with a 30-percent corporate income ...

NESTEA cleans up the shores of Boracay in "Love The Beach" campaign
Inquirer Lifestyle - 2016-06-21
For most people, Boracay on a Labor Day weekend means only one thing: endless partying. So imagine our surprise when NESTEA invited the InqPOP! team to go to Boracay, not only to party, but to join them in their first ever Love The Beach shore clean-up ...

Apple loses patent ruling in China, but order to halt sales of two iPhone models is put on hold
Big News Network - 2016-06-21
Intellectual property regulators in Beijing ruled that the exterior design of the iPhone 6 and iPhone 6 Plus, which were released nearly two years ago, infringe on a Chinese company's design. They initially ordered the company to halt sales of the devices ...

Duterte team seeks business feedback
thestandard.com.ph - 2016-06-20
"The new administration will definitely review the tax system, initially to update the income tax brackets and eventually to lower corporate and individual tax rates," Dominguez said. The rationalization of fiscal incentives and the indexing of the ...

Duterte admin to set 10% limit on contractual workers - Bello
MSN - 2016-06-20
"There is a Labor code that already mandates that there is no contractualization, Incoming Labor Secretary Silvestre Bello III told reporters in Davao City on Tuesday. "Nasa batas na 'yan, and it's just a matter of implementing the law. Kailangan ng strict ...

Asians, many out of shame, not seeking U.S. deportation protection
Manila Bulletin - 2016-06-20
It does not, however, provide a path to citizenship. Donald Trump, the presumptive Republican presidential nominee, has stirred the immigration debate, vowing to build a wall on the U.S. border with Mexico and deport an estimated 11 million undocumented ...

Aquino leaves with no lasting legacy in labor sector--group
BusinessMirror. - 2016-06-20
The legacy, which the Department of Labor and Employment (DOLE) under the Aquino administration will leave behind, is the more active involvement of the labor sector in the crafting and implementation of labor laws, a labor group said. However, in terms of ...

Apple iPhones found to have violated Chinese rival's patent
Senegal Actu - 2016-06-20
Beijing's Intellectual Property Bureau has ordered Apple to stop selling the iPhone 6 and iPhone 6 Plus in the city because it infringes on a Chinese company's design patent. With an appeals process ahead, the ruling is unlikely to have a major impact on ...

Incoming finance chief: Duterte admin plans to lower tax rates
Philippine Daily Inquirer - 2016-06-20
The incoming Finance chief nonetheless pointed out the need to "broaden ... of 4.2 percent was similar to that in the Philippines, which means there was inefficient collection here. Dominguez later told reporters that among the VAT exemptions, those ...

China rules against Apple over iPhone patent claim
Quadrangle - 2016-06-20
Media reports said Baili Marketing Service Co. delivered an application to the Beijing Intellectual Property Bureau, demanding Apple stop selling its iPhone6 and iPhone 6 plus models. Apple has since released a statement saying that they plan to continue ...

Apple's appeal in iPhone case accepted by IP court
ECNS - 2016-06-20
The Beijing Intellectual Property Court has accepted an appeal by Apple to review a ruling by the capital's patent office ordering the company to halt the sales of its iPhone 6 and iPhone 6 Plus in Beijing after finding the design too closely resembles a ...

Apple under fire over patent dispute in Beijing
Tri-County Sun Times - 2016-06-20
Apple took a hit in China after the country's intellectual property bureau ordered Apple Inc to stop the sales of its iPhone 6 and iPhone 6 Plus citing that it broke patents of a local firm. But according to two leading analysts familiar with the inner ...

Apple Beats China iPhone Ban
Pop & Herald - 2016-06-20
The Beijing Intellectual Property Bureau told Apple it had to stop selling the iPhone 6 and iPhone 6 Plus in the city because the smartphones violated a patent held by Chinese phonemaker Shenzhen Baili. "We appealed an administrative order from a regional ...

Beijing rules against Apple in patent case
Go Daddy - 2016-06-20
Beijing's Intellectual Property Office said the iPhone 6 and iPhone 6 Plus infringe on patent rights held by the company Shenzhen Baili because of similarities to its 100C phone, according to its ruling Friday. However, Apple has said a Beijing court ...

China Bans The Sale of Iphone 6
Skyliner - 2016-06-20
The order by an intellectual property tribunal said the iPhone 6 and 6 Plus infringed a design patent for the 100C model made by Shenzhen Beili, a small Chinese brand. Apple has been told to suspend sales of two versions of the iPhone 6 in Beijing because ...

Investors see devil in the details, say angel tax exemption will not benefit several startups
Economic Times - 2016-06-20
Angel tax', or tax on investments in startups, was considered regressive by all quarters and seen as one of the prime reasons for exodus of startups and intellectual property from the country. Leaders in the startup ecosystem say it will continue to hound ...

Pro-management labor lawyer heads Duterte transition team in DOLE
MSN - 2016-06-20
MANILA - Bienvenido Laguesma, the labor secretary during the Estrada administration, is head of the transition team of the Duterte administration at the Department of Labor and Employment, InterAksyon.com learned. An Aquila Legis fraternity brother of ...

DOLE mulls death for illegal recruiters
Philstar - 2016-06-19
Philippine Overseas Employment Administration (POEA) chief Hans Cacdac said the agency has recorded a decline in the number of cases of illegal recruitment being filed before the agency. But the government still needs to adopt an intensified campaign ...

Notes on accreditation of CPAs
BusinessMirror. - 2016-06-19
The certificate of accreditation shall be issued only upon showing, in accordance with rules and regulations, that such registrant has acquired a minimum of three years meaningful experience in any of the areas of public practice, including taxation.

Led Zeppelin appear in court in 'Stairway to Heaven' copyright infringement case
Ecommerce Journal - 2016-06-19
Led Zeppelin's Robert Plant and Jimmy Page are reuniting in a Los Angeles courtroom this week to defend themselves in a lawsuit brought by the estate of one Randy California (real name: Randy Craig Wolfe). After two years of legal proceedings, a judge ...

Marcos camp hits departure of Smartmatic exec despite hold order
Philippine Daily Inquirer - 2016-06-19
The camp of Senator Ferdinand "Bongbong" Marcos, Jr. on Sunday deplored the inaction of the Commission on Elections and the Bureau of Immigration on its request to hold the departure of a Smartmatic staff member allegedly connected with the supposed ...

Cut income tax before raising VAT - solons
Manila Bulletin - 2016-06-18
He stressed that any tax measure "has to be balanced towards what will make growth more inclusive." Quimbo said the 17th Congress should prioritize the rationalization of individual and corporate income taxes. "We can only take up VAT increase along ...

Led Zeppelin 'Stairway' Trial Gets Ugly as Plaintiffs Rest Their Case
Rolling Stone - 2016-06-18
The surviving members of Led Zeppelin squashed one of the group's most established and enduring mythologies when the band's bassist/keyboardist/songwriter John Paul Jones took the stand in day four of the copyright infringement suit "Michael Skidmore vs.

Angara touts legislative achievements
Philippine Daily Inquirer - 2016-06-17
Although a newbie senator, he chaired five committees -- ways and means; games and amusement and sport; labor, employment and human resources development; foreign affairs; and tourism. Angara, vice chairperson of the labor and foreign relations committees ...

Lake Sebu is now a labor law-compliant tourism zone
news.pia.gov.ph - 2016-06-17
KORONADAL CITY, South Cotabato, June 17 (PIA) -- Lake Sebu, prime tourist destination in South Cotabato and SOCCSKSARGEN Region, is labor law compliant, according to the Department of Labor and Employment (DOLE) 12. Lake Sebu is the first tourism zone in ...

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