Recently, it was Vitaliano Nanagas. Lani, who undoubtedly is not a media personality but is just as undeniably an unquestioned top notch financial executive, was simply doing his job. Now, it is a rate increase of the withholding tax on entertainers. Papers report that the government is once again prepared to retreat and impose the additional withholding rate of 10 percent, on top of the old 10 percent withholding, only on entertainers earning annually P720,000 and above. Continue September 30 is just around the corner and everyone is convinced that an anti-money laundering law must be in place by then.
Exclusions are to blame, too.
Gross taxation will be equalizer For a better understanding of the current clamor for an anti-money laundering law, read Facts from myths about money laundering law. Archive Nonestate planning is possible Estate planning in the Philippines is not a major field of practice because not many people have estates large enough to need planning that costs money. Of the few who do have large estates worth, the cost of paying for planning advice, a good number believe that the taxman and other threats to their wealth can, without fail, be fended off by the right amount of money landing in the pockets of the right people. Ricardo J. Romulo, Chairman of the Makati Business Club, before the Rotary Club of Manila during its regular meeting on 22 February 2001. Romulo observed that the shortcomings in the banking sytem in the areas of governance, transparency and discipline are primarily the result of the demands of the banking public.