Are POGOs and their Chinese personnel getting the better deal in our country than legitimate investors and our own people? Let PwC Philippines Chairman and Senior Partner Alex Cabrera help us see the situation from different angles in "POGO vs PEZA".
To quote an author, "Kindly intentioned, but not considerate." This could be an apt description of CITIRA – the Corporate Income Tax and Incentive Rationalization Act. PwC Philippines Chairman and Senior Partner Alex Cabrera explains the most compelling reasons not to pass the CITIRA bill in its current form in his article "CITIRA: One last cry".
In Manila, you can tell that the Christmas season has begun when street posts and trees are adorned with glittering lights; traffic gets heavier, shopping malls become busier; and Christmas songs start playing on the airwaves. For Filipinos, Christmas is the most awaited holiday of the year, anticipated as early as September. Such festivities, fortunately or otherwise, come with gift-giving traditions and family celebrations that often obligate people to dig deeper into their pockets.
Comparable to our Bureau of Internal Revenue (BIR)-issued identification number, more popularly known as TIN, the US Internal Revenue Service (IRS) likewise issues an Individual Taxpayer Identification Number (ITIN), which is used as a tax processing number. The ITINs are issued to individuals who are required to obtain one under United States (US) tax law, but who do not have and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA).
