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Senate to begin hearings on second tax reform

THE SENATE on Tuesday will hold its first public hearing on the second tax reform package, with senators expected to scrutinize the rationalization of fiscal incentives provisions and its possible effects on jobs and prices. The post Senate to begin hearings on second tax reform appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: Finance15 hr. 11 min. ago Related News

Mining exec: New tax bill will kill the sector

The Philippines stands to lose existing and potential investments in the mining sector if a new fiscal regime in the second package of the government's banner tax program pushes through, accor.....»»

Source: Philippinetimes PhilippinetimesCategory: NewsSep 21st, 2018Related News

TRABAHO impact on deficit negligible — Fitch Solutions

The second package of the Comprehensive Tax Reform Program (CTRP) as approved by the House of Representatives will have negligible impact on the country’s fiscal position, Fitch Solutions Macro Research said......»»

Source: Philstar PhilstarCategory: FinanceSep 21st, 2018Related News

House not backing down on plan to ban open-pit mining

  The House of Representatives is not backing down from its plan to ban open-pit mining and revise the taxation of mineral products in the country despite strong opposition from the mining industry.   At a technical working group (TWG) meeting of the House committee on ways and means Thursday, Speaker Gloria Macapagal-Arroyo gave the Department of Finance (DOF) an ultimatum to submit its draft bill on the fiscal regime for the mining industry. "I will ask the industry, talk to the DOF otherwise we make our own," she said.   "Talk to the DOF and let the DOF come back with a new draft in three days' time otherwise we do our own. Anyway, it's not your ...Keep on reading: House not backing down on plan to ban open-pit mining.....»»

Source: Inquirer InquirerCategory: Sep 20th, 2018Related News

Trillanes to question Davao City fiscal s jurisdiction over libel complaints

MANILA, Philippines – The camp of Senator Antonio Trillanes IV is set to question the jurisdiction of the Davao City fiscal office over the libel complaints filed by presidential son and son-in-law, Paolo Duterte and Manases Carpio. Rey Robles, Trillanes' lawyer for his amnesty and libel cases, said the filing ........»»

Source: Rappler RapplerCategory: NewsSep 19th, 2018Related News

U.S. to sharply limit refugee flows to 30,000 in 2019

WASHINGTON — U.S. Secretary of State Mike Pompeo said on Monday the United States would cap the number of refugees allowed into the country at 30,000 for fiscal-year 2019, a sharp drop from a limit of 45,000 it set for 2018. “We proposed resettling up to 30,000 refugees under the new refugee ceiling as well […].....»»

Source: Interaksyon InteraksyonCategory: TopSep 18th, 2018Related News

Maduro says China to finance failing oil industry

CARACAS, Venezuela -- Venezuelan President Nicolas Maduro said Saturday he had new commitments from Beijing on funding for the oil industry on which crisis-hit Caracas relies. Oil output is the main generator of Venezuela's income but has fallen to its lowest level in three decades, with the South American country's state-led economy in free-fall. Analysts blame years of neglect during which state oil firm PDVSA's infrastructure became rundown and exploration was curbed, while oil revenues were used to plug the fiscal deficit. Now, however, "there are financing commitments to increase oil production, gold production as well as investment in more than 500 development projects...Keep on reading: Maduro says China to finance failing oil industry.....»»

Source: Inquirer InquirerCategory: Sep 16th, 2018Related News

DoF flags tax reform bill’s fiscal impact

THE SENATE version of the second tax reform package that cuts corporate income tax rates and streamlines fiscal perks may result in bigger foregone revenues than the bill approved last week by the House of Representatives, a senior official of the Department of Finance (DoF) told reporters on Wednesday. Finance Undersecretary Karl Kendrick T. Chua… link: DoF flags tax reform bill’s fiscal impact.....»»

Source: Manilainformer ManilainformerCategory: Sep 12th, 2018Related News

DoF flags tax reform bill’s fiscal impact

THE SENATE version of the second tax reform package that cuts corporate income tax rates and streamlines fiscal perks may result in bigger foregone revenues than the bill approved last week by the House of Representatives, a senior official of the Department of Finance (DoF) told reporters on Wednesday. The post DoF flags tax reform bill’s fiscal impact appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceSep 12th, 2018Related News

House OK’s second tax reform

WITH 187-14-3 votes, the House of Representatives on Monday approved on third and final reading the second of up to five planned tax reform tranches that cuts the corporate income tax (CIT) rate and removes fiscal incentives deemed redundant. The post House OK’s second tax reform appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceSep 10th, 2018Related News

NBI files murder raps vs cops over killing of QC fiscal

Three policemen are facing murder raps over the death of Quezon City Prosecutor Rogelio Velasco, the National Bureau of Investigation said on Monday......»»

Source: Philstar PhilstarCategory: NewsSep 10th, 2018Related News

The CEO as financial educator

  For TransUnion Phils CEO Pia Arellano, financial literacy leads to fiscal responsibility Credit assessment and rating remain unknown entities to many Filipinos, unlike in the United States where millions of credit card owners have a healthy awareness of how much their credit (or lack of it) impacts their economic lives. The blissful ignorance is [...] The post The CEO as financial educator appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: NewsSep 8th, 2018Related News

Federalism Will Allow the Regions to Progress: ConCom

“The proposed draft Federal Constitution encourages the national government to go on a diet and the regions to go on a muscle-building regimen,” this is the contention of ConCom Member Dr. Julio Tehankee during the Conference on Comparative Practices in Fiscal Federalism organized by the Department of Interior and Local Government (DILG) in partnership with […].....»»

Source: Metrocebu MetrocebuCategory: NewsSep 7th, 2018Related News

Tax reforms gain ground in House

TWO TAX REFORMS — one that cuts the corporate income tax rate and removes redundant fiscal incentives, and another that provides for a general amnesty — were approved at different levels in the House of Representatives on Tuesday. The post Tax reforms gain ground in House appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsSep 4th, 2018Related News

Tax reforms gain ground in House

By Elijah Joseph C. Tubayan, Reporter with Charmaine A. Tadalan TWO TAX REFORMS — one that cuts the corporate income tax rate and removes redundant fiscal incentives, and another that provides for a general amnesty — were approved at different levels in the House of Representatives on Tuesday. The House on Tuesday approved on second… link: Tax reforms gain ground in House.....»»

Source: Manilainformer ManilainformerCategory: Sep 4th, 2018Related News

Amendment to GSIS charter sought

The Government Service Insurance System is seeking an amendment to its charter so it can manage a proposed new dual pension scheme for uniformed personnel and help stop its fiscal bleeding caused m.....»»

Source: Philippinetimes PhilippinetimesCategory: NewsSep 3rd, 2018Related News

Fiscal perks overhaul seen keeping investors on edge

THE PHILIPPINES still receives the least foreign direct investments (FDI) among Southeast Asian nations, a global bank has noted, pinning the blame on constitutional restrictions and uncertainty over a new system for tax perks. The post Fiscal perks overhaul seen keeping investors on edge appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsSep 2nd, 2018Related News

Concerns about shift in gov’t form unresolved

THE MEETING last Wednesday of state economic managers and members of the Consultative Committee to review the 1987 Constitution failed to dispel worries about the fiscal impact of the draft federal charter, whose fate now lies with Congress. The post Concerns about shift in gov’t form unresolved appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 30th, 2018Related News

Consultative committee warned of costly federalism

The National Economic and Development Authority warned that the national government might incur as much as P243.5 billion in additional expenses every year to operate a federal government, which would increase pressure on the country’s fiscal deficit......»»

Source: Philstar PhilstarCategory: NewsAug 30th, 2018Related News

Fiscal in Viral Traffic Scuffle to Answer MMDA Complaint: DOJ

A government prosecutor seen in a viral video while arguing with Metropolitan Manila Development Authority (MMDA) traffic enforcers after she was apprehended for illegal parking has been asked by the Department of Justice (DOJ) to answer the complaint filed against her. Justice Secretary Menardo Guevarra said Christine Villamora Estepa has already been directed to file […].....»»

Source: Metrocebu MetrocebuCategory: NewsAug 30th, 2018Related News