July 30, 2010
Twice As Many Rich Escape U.S. Tax
Congressional changes, not abusive tax shelters, led to jump.
With this year's regular session of the Legislature drawing toward a close, an ambitious plan put forth by Taxation Committee majorities to broaden the sales tax and lower the income tax appears to be more than stalled.
Foreign, local traders warn of tax row’s consequences
The European Chamber of Commerce of the Philippines (ECCP) and the local business community have expressed concerns over the tax row between Pilipinas Shell Petroleum Corp. and the Bureau of Customs (BoC), stressing that the seeming instability in Philippine policies could have adverse economic implications.
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