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Monday, April 21, 2008 |
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Mining firm ordered to
pay P220M in back taxes
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Bad debts claims made by Philex was disallowed by
Supreme Court based on BIR’s earlier findings
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AFTER twenty-six years of tax litigation, a
mining firm was ordered by the Supreme Court to pay the Bureau of
Internal Revenue (BIR) not only its original backtaxes of P62
million but also a 20-percent interest for delinquency, totaling
more than P220 million.
In a 19-page decision penned by Associate
Justice Consuelo Yñares-Santiago, the High Court’s Third Division
ordered Philex Mining Corp. to pay its backtaxes, and in the process
affirmed earlier decisions of the Court of Appeals and the Court of
Tax Appeals.
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17 NPA fronts may be neutralized this month
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THE Armed Forces of the Philippines said it might be able to
complete the neutralization of 17 communist fronts by the end of
April, which is a month past the target imposed by the military last
year.
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LRTA must pay P208M to dismissed workers
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FOR its refusal to heed the return to work order of the labor
department, the Supreme Court ordered the Light Railway Transit
Authority (LRTA) to shell out P208 million as payment for the 200
workers it dismissed eight years ago.
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Angel Locsin celebrates with urban poor
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How many stars would celebrate their birthday
with the poor, away from their own perfumed set?
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Nograles seeks capital boost for rural banks
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THE government should reinvigorate the country’s rural banks by
tapping them as the conduit to farmers in the dispersal of
agricultural funds to modernize the farming sector and boost food
production.
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