BIR eyes bank accounts of dead people

Posted at Sep 02 2013 10:05 PM | Updated as of Sep 03 2013 06:49 PM

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The Bureau of Internal Revenue says it will take advantage of a loophole in the bank secrecy law to boost estate tax collections.

BIR Commissioner Kim Henares says the agency will achieve this in part by looking into bank accounts of dead people. - ANC, Business Nightly, September 2, 2013