Senate OKs CREATE bill on third and final reading

MANILA, Nov 26 (Mabuhay) — Voting 20-1, the Senate on Thursday approved on third and final reading the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, an urgent measure being lobbied for by the Duterte administration’s economic managers amid the...

Mar: Tax cut proposals not an election issue

MANILA (Mabuhay) — Administration presidential bet Mar Roxas said Tuesday that the proposal to lower income tax should not be an election issue as it must be discussed in a more sober time. At the presidential forum of the Philippine Chamber of Commerce and Industry, Roxas...

How do you solve a problem like Roxas

It is so sad that Mar Roxas, the son of the well-respected late Senator Gerry Roxas and a scion of the affluent Araneta clan, is a born loser. If Roxas , the Liberal Party presidential candidate, is convinced that he will be elected as the next President despite his low numbers...

CTA grants Corona’s motion to stop proceedings of his tax evasion case

MANILA (Mabuhay) — The scheduled arraignment of former Chief Justice Renato Corona for his tax evasion case was deferred again on Wednesday after the Court of Tax Appeals en banc issued an order temporarily restraining the Second Division from proceeding with the case....

Palace: Aquino considering long-term impact of lowering taxes, not popularity

MANILA (Mabuhay) – Despite popular calls to lower income tax rates, the Aquino administration is wary of supporting moves for lower taxes because of the potential impact on government programs, a Malacañang spokesperson said. At a press briefing on Saturday, deputy presidential...

Angara challenges 2016 aspirants: Back measures for lower income taxes

MANILA (Mabuhay) – Senator Sonny Angara on Thursday challenged potential presidential and vice-presidential candidates in the 2016 elections to take a stand on proposals to lower personal income tax rates. “We issue the challenge to the candidates for the 2016 to take a position...

Aquino urged to endorse bill lowering income tax rates

MANILA, Aug 25 (Mabuhay) – A senator on Tuesday urged President Benigno Aquino III to certify as urgent the legislative proposals seeking to lower income tax rates. Senator Francis “Chiz” Escudero, a close ally of Aquino, said the president should consider either certifying as...

SC asked to stop govt from paying Maynilad, Manila Water

MANILA (Mabuhay) — Bayan Muna party-list on Tuesday asked the Supreme Court to stop the government from paying Manila Water and Maynilad for the alleged losses the concessionaires incurred after they were disallowed from recovering their corporate income taxes by hiking...

Jeane Napoles refuses to enter plea for tax evasion case

MANILA  (Mabuhay) — Jeane Catherine Napoles on Wednesday refused to enter plea for her P17.46-million non-payment of income tax case with the Court of Tax Appeals (CTA). “As advised by my legal counsel, I refuse to enter any plea,” Napoles told the justices of...

BIR to Pacquiao: Properly pay taxes in Mayweather bout

MANILA (Mabuhay) – The Bureau of Internal Revenue (BIR) expects Sarangani Rep. and boxing icon Manny Pacquiao to have learned from his tax battle with the bureau, and accurately settle and report his taxes in connection with his much anticipated bout with Floyd Mayweather, Jr. in...