MILAN, Italy -Italian Prime Minister Giorgia Meloni’s government watered down its surprise windfall tax on banks this week after a brutal market reaction, but the damage to investor confidence was done. “The most damaging impact… will not be the hit to the earnings of Italian banks but the higher risk premium that investors will demand to compensate them for the risk of future government intervention,” noted Johann Scholtz, analyst at Morningstar. Meloni’s hard-right government announced out of the blue on Monday night that it would l ...
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The Securities and Exchange Commission (SEC) has agreed with the Bureau of Internal Revenue (BIR) to share data that would help improve corporate tax collection. Under the data sharing agreement signed by the two agencies on Wednesday, the SEC will provide supporting documents for tax assessments, while the BIR will provide the tax identification number verification for better identity validation. “The partnership will support the implementation of the government’s 2024 National Tax Campaign, which aims to generate funds through timely paym ...
Business tax information and forms ; Banking corporation tax (BCT) · Business corporation tax · Cigarette and other tobacco products tax · Commercial motor vehicle tax (CMVT) · Commercial rent tax (CRT) · E-911 surcharge for telecommunications services · General corporation tax (GCT) · Horse race admission tax · Hotel room occupancy tax · Mortgage recording tax (MRT) · Real property transfer tax (RPTT) · Retail beer, wine and liquor license tax · Taxicab license transfer tax · Unincorporated business tax (UBT) · Utility tax ...
MANILA -A member unit of the global network of multinational professional services firm Ernst and Young (EY) has opened a new office in the Philippines, expanding its footprint here with a second branch located in Cebu City. Global Delivery Services (EY-GDS) said the opening of its Cebu center last Oct. 11 represented a significant scaling up of operations in the Philippines, starting with 25 individuals in 2015 and which has since grown to over 5,000 this year. “The Philippines is a vital component of our growth strategy, and we are delighte ...
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