Robin Padilla says against tax incentives for foreign investors | ABS-CBN

ADVERTISEMENT

dpo-dps-seal
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!

Robin Padilla says against tax incentives for foreign investors

Robin Padilla says against tax incentives for foreign investors

Gillan Ropero,

ABS-CBN News

 | 

Updated Feb 03, 2022 10:30 AM PHT

Clipboard

Actor Robin Padilla during the PDP-Laban campaign sortie held at the Marikina Hotel and Convention Center on March 20, 2019. George Calvelo, ABS-CBN News
Actor Robin Padilla during the PDP-Laban campaign sortie held at the Marikina Hotel and Convention Center on March 20, 2019. George Calvelo, ABS-CBN News

MANILA - Senatorial aspirant and actor Robin Padilla said Thursday he opposes tax incentives for foreign investors and seeks higher income so Filipino migrant workers can come home.

Padilla cited as an example his being an investor in Australia, saying he pays "double" the taxes.

"Pag sa ibang bansa naginvest ka ang tax mo doble. Dito sa Pilipinas magkakaroon ng foreign investor, ang tax mo libre. Dapat lang 50-50 tayo pero pagdating sa tax di mo dapat pinapaboran ang foreigner sa Pinoy," he told ANC's Headstart.

(If you invest in other countries, your tax is double. Here in the Philippines if you're a foreign investor you're tax-free. We should have a 50-50 share but when it comes to tax we shouldn't favor foreigners over Filipinos.)

ADVERTISEMENT

Government should raise the "minimum monthly" income so overseas Filipino workers can return to the country, Padilla said.

"Dapat magkaroon tayo ng average. Kailangan dapat ang kinikita ng isang pamilya at least P25,000," he said.

(We should have an average. A family should earn at leats P25,000.)

When asked if he knew how to make a law, Padilla said he could hire lawyers to help him.

"Marami po tayong pwedeng kuning lawyer. Tapos na po tayo sa panahon na ang lawyer ang gumagawa ng batas kaya di niyo maintindihan," he said.

(There are many lawyers we can get. The time when lawyers are drafting measures that people can't understand has passed.)

"Panahon na po na isang Robin Padilla ang gumawa ng batas sa guidance ng magagaling na lawyer para maintindihan ng ating mga kababayan kung ano ang batas."

(It's time for a Robin Padilla to make a law guided by good lawyers so the public can understand it.)

Watch more in iWantv or TFC.tv

ADVERTISEMENT

Palace expects boost in PH investments after removal from dirty money ‘gray list’

Palace expects boost in PH investments after removal from dirty money ‘gray list’

Katrina Domingo,

ABS-CBN News

Clipboard

Malacañang expects an increase in foreign direct investments after the Philippines was removed from the Financial Action Task Force’s (FATF) grey list earlier this week. 

The Philippines was removed from the list of nations flagged for weak anti-money laundering safeguards after the FATF acknowledged that the country was able to “meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in June 2021.”

“Our well-earned exit from the Financial Action Task Force’s (FATF) grey list boosts our drive to attract job-creating, growth-inducing foreign direct investments,” Executive Secretary Lucas Bersamin said in a statement.

“This seal of good financial housekeeping benefits overseas Filipinos as it would make cross-border transactions faster and cheaper as layers of compliance barriers are removed,” he said.

ADVERTISEMENT

Bersamin credited the country’s exit from the grey list to the “multiple moves made” the administration pushed to “finally dismantle structures that could be exploited by money launderers and terrorism financiers.”

“For so long, our investment attractiveness has been dragged down by this dirty money haven label,” the Executive Secretary said.

“This hard-fought administration win in its battle against money laundering will be preserved and protected through consistent compliance with global standards.”

The Anti-Money Laundering Council (AMLC) earlier said that “the exit will reduce international fund transfer requirements, benefitting Filipino individuals and businesses.”

Bangko Sentral ng Pilipinas (BSP) Governor and AMLC Chairman Eli Remolona, Jr. called the feat a result of “strong cooperation” between the government and the private sector.

ADVERTISEMENT

ADVERTISEMENT

It looks like you’re using an ad blocker

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.