NEWS & ARTICLES

This article (Part 2 of a series) focuses on Pillar 2 which requires the imposition of a 15% global minimum corporate tax on multinational enterprises (MNE). As mentioned in Part 1, this new global tax regime consisting of a two-pillar solution (Pillar 1 and 2)...

Rapidly shaping up at the global tax arena is a new tax regime that challenges the very core of generally accepted international tax rules and principles.  Agreed to by 136 member countries of the Organization of Economic Co-operation and Development (OECD) on October 8 is...

We come to the root of where all great debates in the Philippines seem to start or end up with — the constitutional basis of Corporate Social Responsibility (CSR), as the basis for upholding the Stakeholder Theory for publicly-held companies and all other corporations vested...

(2nd of 2 Parts) Why is our tax system inefficient? The simple answer is that we have a very narrow taxpayer and tax base. According to the UN data, the current population of the Philippines as of October 3, 2021 is 111,404,546 versus 24,015,416 total...

(1st of 2 Parts) For more than two decades, we have been paying first-world taxes with the highest rate among ASEAN member countries regarding personal and corporate income taxes, even value-added taxes. While some sectors enjoyed tax incentives and exemptions, regular employees and micro-entrepreneurs suffered...

Over the years, sustainability has become an important global issue and an emerging policy priority for many countries and organizations. There has been a strong push to disclose data on this subject through various forms of public reports. A particular and increasing interest has been...

Never before in the last fifty (50) years has there been any disruption in the school system as compelling and life-changing! As a result of the pandemic, schools were closed and face-to-face classes were prohibited. The traditional academic fundamentals as well as the business of...

After more than a year of rolling out experimental drugs for emergency use to combat the coronavirus pandemic, the jury’s still out as to which vaccine brands are effective against the current Delta variant. Some of those who’ve been fully jabbed are still getting infected...

The world has gone green. TESLA and even Porsche has electric cars. Yet, in a country like ours, GREEN power is not getting enough push. Did you know it would take 200 permits to get a solar plant started? Now that’s real red tape. We...