News Articles on {?keyword?} | ABS-CBN News

Private firms, individuals who give gifts to Hidilyn Diaz must pay donor's tax: BIR

ABS-CBN News
Posted at Jul 29 04:22 PM

The prizes received by Olympian Hidilyn Diaz are excluded from the computation of her gross income but private donors are expected to pay the donor's tax for their gifts to the athlete, the Bureau of Internal Revenue said Thursday.  Read more »

House adopts Senate version of POGO tax bill

RG Cruz, ABS-CBN News
Posted at Jul 29 12:04 AM

A bill taxing Philippine Offshore Gaming Operators (POGO) now just needs to be signed by President Rodrigo Duterte to become law. Read more »

Solons seek tax exemption on Hidilyn Diaz's Olympic prizes, other perks

RG Cruz, ABS-CBN News
Posted at Jul 28 05:48 PM

Several House of Representatives lawmakers on Wednesday proposed measures that would exempt taxes on Hidilyn Diaz's prizes and donations following her historic weightlifting feat that brought the Philippines its first Olympic gold medal. Read more »

Duterte says tax reforms boosted growth before COVID-19 hit

ABS-CBN News
Updated as of Jul 26 08:01 PM

The tax reforms passed by Congress helped drive economic growth before the arrival of the COVID-19 pandemic, President Rodrigo Duterte said on Monday during his last State of the Nation Address.  Read more »

35 million Americans get cash aid from expanded Child Tax Credit program

Andrea Shalal and Trevor Hunnicutt, Reuters
Posted at Jul 16 02:28 AM

WASHINGTON - Some 35 million American families have started receiving their first monthly payout from the U.S. government in an expanded income-support program that President Joe Biden said on Thursday could help end child poverty. Read more »

EU proposes world’s first carbon border tax for some imports

Reuters
Posted at Jul 14 09:09 PM

The European Commission on Wednesday put forward plans for the world’s first "carbon border tax" on imports of carbon-intensive goods, including steel, cement, fertilizers and aluminum, as part of a program to meet its new climate target. Read more »

Fitch Ratings revises PH outlook to negative but affirms 'BBB' rating

ABS-CBN News
Updated as of Jul 14 11:48 AM

Uncertainties arising from the Duterte administration's new tax reform law lead to a negative credit score for the Philippines.  Read more »

DOE aminadong walang magawa sa pagtaas ng presyo ng petrolyo, kuryente

ABS-CBN News
Updated as of Jul 13 07:25 PM

Inamin ng Department of Energy na wala silang magawa sa patuloy na pagtaas ng petrolyo at singil sa kuryente. Read more »

EU puts digital tax plan 'on hold' under pressure from US

Agence France-Presse
Updated as of Jul 13 09:20 AM

The European Commission said Monday it would delay its plan to propose an EU digital tax in order to not jeopardize efforts to secure a global deal on fairer taxation.   Read more »

'Demon Slayer' anime studio, president indicted for tax evasion in Japan

Kyodo News
Posted at Jul 09 06:38 PM

A Japanese anime studio known for producing the popular "Demon Slayer" anime series and its president were indicted by Tokyo prosecutors Friday for evading a total of 137 million yen ($1.2 million) in corporate and consumption taxes. Read more »

Duterte hits Pacquiao anew, says boxer-politician owes gov't P2.2-B

ABS-CBN News
Posted at Jul 07 11:22 PM

Philippine President Rodrigo Duterte accused his erstwhile ally turned critic - Senator Manny Pacquiao - of tax evasion. Read more »

Duterte jabs Pacquiao with tax issue: 'When you cheat gov't, you are corrupt'

Jamaine Punzalan, ABS-CBN News
Updated as of Jul 07 07:41 PM

President Rodrigo Duterte on Tuesday landed another blow on Sen. Manny Pacquiao in their raging word war, this time raising a tax case that the latter had fought as boxing superstar.    Read more »

Global minimum tax deal: What you need to know

Agence France-Presse
Posted at Jul 07 02:09 PM

Some 130 nations have agreed to what would be the biggest international tax reform in a generation to clamp down on big companies that are gaming the rules. Read more »

US lobby groups write battle plan to beat Biden tax hikes

David Lawder, Reuters
Posted at Jul 07 01:34 PM

US business lobbying groups cheered a bipartisan $1.2 trillion infrastructure deal, but are gearing up to fight the corporate tax hikes looming in a separate but linked spending bill that Democrats aim to pass without Republican votes. Read more »

Global corporate tax overhaul faces rocky road to completion

Reuters
Posted at Jul 06 08:57 PM

A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though 130 of them have agreed to overhaul the way multinationals are taxed. Read more »

Bureau of Internal Revenue padlocks 207 firms in first 5 months of 2021

ABS-CBN News
Posted at Jul 05 01:56 PM

A total of 207 errant firms were shut by the Bureau of Internal Revenue in the first five months of 2021 for various tax violations, the Department of Finance said Monday.  Read more »

Pasig City collected 78 pct of target 2021 tax revenue in 6 months: mayor

Katrina Domingo, ABS-CBN News
Posted at Jul 02 10:07 PM

Pasig City Mayor Vico Sotto on Friday said the local government has already collected 78 percent of its target tax collections in 2021 in just 6 months. Read more »

130 nations back global tax reform deal covering multinational firms

Jürgen Hecker, Agence France-Presse
Posted at Jul 02 12:12 PM

A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday, but some EU states refused to sign up.   Read more »

Duterte OKs extended real estate tax amnesty

ABS-CBN News
Posted at Jun 30 06:23 PM

President Rodrigo Duterte on Wednesday approved a bill extending the estate tax amnesty for 2 years, based on a document that Malacañang released.  Read more »

Bargaining over global tax enters key stage

Agence France-Presse
Posted at Jun 27 04:35 PM

Nearly 140 countries will haggle over key details of a global corporate tax plan this week, with some concerned about giving up too much and others eager to ensure tech giants pay their fair share. Read more »