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Investing in ASEAN 2018/2019

It has been more than six months since Republic Act (RA) No. 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN) Law, was passed. One of the major banners of the TRAIN law is to increase employee take-home pay. While the law has taken effect, however, many are of the view that it is anti-poor.

I had the opportunity to attend the Innovation Summit spearheaded by the Cebu Chamber of Commerce and Industry (CCCI) last June 19 to 20.

I’ve been working with data. Data set for most of my working life. Nothing is more difficult in this field than dealing with similar data coming from different sources managed over time by many different people.

When you receive positive and laudatory remarks, one normally feels excited over something you might have actually won.

“Roar” by Katy Perry was the piano piece that my then six-year-old daughter practiced for her recital. On recital day, she was begging me and her mom that we skip the recital altogether. Until now, I still feel the anguish she had that day. I still hear her cries for understanding. I still see the fear on her face. She was fearful of performing in front of people. She was afraid of failure. She was frightened of making a fool out of herself.

As the debate on adopting federalism in the Philippines heats up, the powers and limitations of local government units (LGUs) to tax is coming to the fore.

TO better serve the public, the Bureau of Internal Revenue (BIR) announced it has created a fast lane for one-time, simple transactions. Revenue Memorandum Circular (RMC) No. 43-2018 issued last May 18 states that the fast lane caters to individuals or corporations filing capital gains tax or donor’s tax returns with only one deed of sale, exchange, or donation involving one to three properties.