Govt expects P600-B from tax policy reforms

FINANCE Secretary Carlos Dominguez said the Duterte administration aims to raise some P600 billion by 2019 through the implementation of its proposed reforms in tax policy and administration.

The amount will be used to finance its priority investments in infrastructure, human capital development and social protection for the poor.

Dominguez said the amount, which represents 3 percent of the country’s Gross Domestic Product (GDP), would come in part from implementing tax administration reforms in the Bureaus of Internal Revenue (BIR) and of Customs (BOC).

“Now, if we are able to increase our collections through [reforms in] tax administration [and policy]…that…

Read more: Govt expects P600-B from tax policy reforms

COA tags 10 GOCCs for failing to remit P68B

STATE auditors have taken to task ten government-owned or controlled corporations (GOCCs) after failing to remit dividends amounting to P68.7 billion to the government treasury for the past 10 years.

In its 2015 Annual Financial Report on GOCCs, COA auditors said the erring GOCCs violated the provisions of Republic Act 7656 or the GOCC Dividend Law for their failure to declare, record, remit or under-remit their dividends.

The erring agencies face the penalty of a fine not less than Ten thousand pesos (P10,000.00) but not more than Fifty thousand pesos (P50,000.00) or imprisonment of not less than one (1)…

Read more: COA tags 10 GOCCs for failing to remit P68B

Population programs must invest in 10 year old girls

WITH 10 as the new age of fertility, girls at this age must be the focus of government and private interventions in education, population control and opening opportunities for their growth, as they are the most vulnerable to sexual abuse and societal deprivation.

In the Philippines 1 in 10 children at age 10 drop out of school either because their family could not afford it; they get married or start their own families; or they lack interest in getting to school because of various socio economic factors, said NEDA Assistant General for Policy and Planning Carlos Abad Santos.

The 2013…

Read more: Population programs must invest in 10 year old girls

 The Odd Timing of Samsung

FOR every 100 Filipinos, the cell phone per capita is 118.  That means some of my friends and family have more than one cell phone.  

My tirades about how Globe and Smart must wait.  Let’s face it, they rob the population in earnest for creating a system where you either need to call someone using the same cellular company or you will pay heavy fees to call a landline or a cell with a different cell company.  

The rest of the world is more civil, call anyone on any line and pay the same rate.  I digress, this…

Read more: The Odd Timing of Samsung

Alarm bells raised on proposed joint exploration between PH, China

POLITICAL analysts have raised the issue of sovereignty as one of the factors that could pose as a hindrance  in the proposed joint oil exploration deal between the Philippines and China in the disputed West Philippine Sea.

This came after reports surfaced that Duterte administration officials were exploring the possibility with their Chinese counterparts on possible cooperation to find natural gas in the disputed area.  

An analyst who requested anonymity since he is not authorized to speak on the matter expressed particular alarm over reports that the Recto Bank which is well within our country’s territory is included in…

Read more: Alarm bells raised on proposed joint exploration between PH, China

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