"Taxwise or Otherwise" discusses the latest developments in tax and business law in the Philippines. It also dissects current issues affecting the business community, including policy development.
Writers are taken from a pool of business and tax consultants of Isla Lipana & Co., the Philippine member firm of PwC global network. Columns regularly appear in the BusinessWorld newspaper.
Inherent in the three branches of our government are three core powers granted by the 1987 Philippine Constitution. The authority to make laws and to alter or repeal them is conferred on the Legislative Department. The implementation of laws is charged to the Executive Department. The power to interpret laws, to hear and decide cases when disputes arise, lies with the Judiciary. The existence of these independent co-equal bodies is a fundamental characteristic of a democratic government.