The Department of Finance (DOF) bucked the proposal seeking to impose a “super-rich” tax on Filipino billionaires as its negative impacts outweigh any potential revenue gains for the government. In a letter to House Speaker Lord Allan Jay Velasco, Finance Secretary Carlos G. Dominguez III said...
Presidential aspirant Vice President Leni Robredo on Monday, Nov. 15, challenged presidential candidates to show their Statement of Assets, Liabilities, and Net Worth (SALN) to prove that they have no hidden wealth. Vice President Leni Robredo (OVP) Robredo, who is the leader of the opposition,...
Partido ng Demokratikong Pilipino-Laban (PDP-Laban) standard bearer and Senator Ronald “Bato” Dela Rosa on Tuesday said fellow presidential bet Senator Ferdinand “Bongbong” Marcos, Jr. should publicly acknowledge the mistakes committed by his father. Dela Rosa said that if it happened to...
Imposing higher tax on Filipino billionaires whose fortunes have reached more than one billion pesos may not be a good idea with Finance Secretary Carlos G. Dominguez III warning this will only result in capital flight out of the Philippines. Finance Secretary Carlos G. Dominguez Dominguez said as...
ENDEAVOR Sonny Coloma As Asia regional adviser on development management for the US Agency for International Development (USAID), Dr. David Korten traveled frequently to Southeast Asia and the Philippines. Author of several books that present alternative views on capitalism, he shares with readers...
Medium Rare Jullie Y. Daza “As old as time” is the saying that the rich get richer and the poor beget children. Likewise, money begets money – the bank will not give you a loan because you’re so poor that you need money. Well, this year’s list of the world’s super billionaires (in...
The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for operating an unauthorized investment program that resembles a Ponzi scheme. The SEC Enforcement and Investor Protection Department...
