• QC BUSINESS TAX HIKE OPPOSED

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    Quezon City’s (QC’s) big businesses, including almost all of the television and broadcast stations, malls and department store owners even banks and financial institutions showed their opposition and vowed to fight the proposal to a new round of increase in local business taxes. In the last day of a three-day public hearing held at the Ayala-Technohub yesterday lawyers and representatives of TV stations like the ABS-CBN and GMA Networks vowed to submit their position papers to opposed the new proposed ordinance putting a ten percent increase in business tax rate.

    Councilor Victor “Jun” Ferrer of first district and city Treasurer Ed Villanueva were bombarded not only with complaints from business owners for the increase but also with lapses in paying their taxes every start of the year.

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