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PHP5.8-Bn Windfall Tax On Telcos, Oil Firms To Follow

Investment Sector: Funds
Submitted 2 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

RP government stands to earn P5.8 billion windfall tax from the P58.1 billion in cash dividends of three telcos service providers to be paid out to their shareholders next month. Windfall profit tax is a tax on profits that ensure from a sudden windfal gain. This tax will, in addition to the normal corporate tax, be payable by the bu... More...

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windfall tax dividends Tax Add Tag

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RP e-VAT Controversy

Investment Sector: Commodities
Submitted 2 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Has the e-EVAT impoverished or improved the Philippine economy? Has it neglected the government's vital services such as education, health and social services or it benefited the government, the Filipino people?Republic Act 9337 or the Expanded Value Added Tax Law was one of the economic reforms advanced by the President Gloria Macapagal-Arroyo... More...

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e-vat revenue transport social service Tax Commodities Add Tag

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A Gift On Phil. Labor Day

Investment Sector: Fixed Income
Submitted 3 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Many labor days have come and gone fighting for Republic Act 9504, that the income tax exemption of minimum wage earners be put into law, that their earnings would no longer be subjected to witholding tax - at last certified urgent by Malacanang and the House and the Senate as a gift on RP's labor day. President Arroyo lately signed a law amme... More...

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Act 9504 tax exempt income tax labor day tax payer Tax Add Tag

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Perfect Economic Storm

Investment Sector: Currencies
Submitted 4 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Philippine Independence Day ( June 12,1898 ) Inflation hits just about anything you need to live - rice, clothing, food, fares, medicines, gas, tuitions, name it. In May, RP's inflation rose to a nine-year high of 9.6% killing about 35 million poor Filipinos softly and silently while the country is leading to a perfect economic ... More...

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inflation economic storm food rice cartel gas diesel peso Oil GDP VAT Tax Add Tag

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Are You Ready For $200 Oil?

Investment Sector: Derivatives
Submitted 4 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Current crude oil price $135 absolutely high and not that normal driver of supply and demand. Analysts say the ongoing level is unexplainable by the law of supply and demand. Are we preparing for the worst? Or the figure maybe be unwarranted and unrealistic?The world has entered into a new era of high oil prices and things just won't be the sam... More...

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oil price tariff VAT LPG Tax Crude oil Add Tag

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Behind Philippines' Tax Collection

Investment Sector: Currencies
Submitted 4 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Poor tax-income ratio. That's how the Bureau of International Revenue (BIR) shows the writing on the wall. And why is that RP has poor tax collection?Based on the 2003 Family Income & Expenditures Survey (FIES), no group of workers paid more than 5% of their income in taxes, with the tax-income ratio ranging from 0.7% among farmers, forestry wo... More...

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BIR income tax tax rate FIES revenue http://images.swimplus.multiply.com/imag e/2/photos/upload/1200x60/QrblrQoKClMAAC aJQ5Q1.gif/philippineflag.gif?et=QRcEEsx yF6hyZQiYo6pw0Q&nmid=1590764 Add Tag

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Will there be a fall in Bangalore Office Rental

Investment Sector: Emerging Markets
Submitted 6 months ago by Narasimhan , Owner at Krish Systems

The phasing out of tax incentives under Section 10 of Income tax Act by 2009 is making the information technology and business process operations companies in India to look at locating themselves in special economic zones (SEZs). This move will help them save on taxes. Such a movement will mean the existing rental arrangements will not be renewe... More...

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Rent IT BPO Tax Incentive Add Tag

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Inflation on the rise – India

Investment Sector: Emerging Markets
Submitted 6 months ago by Narasimhan , Owner at Krish Systems

Inflation on the rise – India Inflation is the most hated word by all; more so by politicians seeking reelection in an election year. Here we are in the midst of preparatory year to elections. The ruling congress believed that it has swung the people to its side with its largesse (Rs. 600 Billion to Farmers, Rs. 400 Billion to tax payer... More...

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Service tax petroleum price hike hurts common man Slow down Add Tag

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Philippines, Mongolia, India Owe $57.6 million To NYC

Investment Sector: Recreation
Submitted 6 months ago by Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

A New York Federal Judge Jed S. Rakoff ordered Wednesday, March 19,2008 the government of Philippines, Mongolia and India to pay $57.6 million to the New York city. Philippines owes $10.9 million for the operation of the Philippine National Bank and Philippine Airlines offices in its premises. $42.3 million from India and $4.4 mill... More...

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Tax Exemption Tax Add Tag

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Hindustan UniLever Limited - Caring to gain and Good for all seasons

Investment Sector: Equities
Submitted 7 months ago by Narasimhan , Owner at Krish Systems

Hindustan Unilever Limited (formerly known as Hindustan Lever Limited) is India’s largest consumer product company. It was founded in September, 1934 as Lever Brothers India Limited and has its controlling office at Mumbai, employing around 41, 000 persons. The Anglo-Dutch company Unilever, a fortune 500 transnational, holds majority... More...

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Consumer non Durable Farm Loan Waiver Upswing Good for alll season Tax Cuts Add Tag

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