Philippines blacklisted by G20

[moz_k2]

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may unta naa pud blacklist nga politiko

[joshua259]

may unta naa pud blacklist nga politiko

mao nya ang mga tao mo boto nga pa black list na siya sa goberno.

[giddyboy]

Guys, let's not jump the bandwagon...

Philippines defends tax standard after G-20 blacklist
Updated April 04, 2009 10:54 AM, Philstar.com

MANILA,Philippines (Xinhua) -- The Philippine government defended its tax standards after it was named among the four as " uncooperative tax havens" at the G-20 meeting in London, local media reported.

The Organization for Economic Cooperation and Development (OECD) blacklisted the Philippines, Costa Rica, Uruguay and the Malaysian territory of Labuan as worst offenders to rules on financial openness.

"Our government has a strong record of compliance with international financial and government standards, and we are working diligently to ensure that our reform agenda meets the needs for the enhancement of our own tax code and these revisions are consistent with appropriate international standards," the official Philippine News Agency said, quoting Press Secretary Cerge Remonde.

OECD and non-OECD countries developed the standard that was endorsed by G-20 finance ministers in 2004 and a UN committee on tax matters in October 2008, the Philippine Star reported. The standard requires exchange of information on request in all tax matters and enforcement of domestic tax law without regard to domestic tax interest requirement or bank secrecy.

Remonde said it is "unfortunate" that the Philippines has not been able to meet the timetable for review and implementation of the revised tax information standards, but the government is committed and confident to meet the requirements in order to be removed from the list.

The Philippine News Agency also quoted central bank assistant governor Juan de Zuniga as saying that the existing laws are sufficient to guarantee that the country does not become a "haven" for foreigners to deposit their money to avoid taxes in their respective countries, citing the passage of Anti-Money Laundering Act in 2001 which "was accepted as meeting international standards. "

Juan de Zuniga said the anti-money laundering law should be enough to weed out, among others, tax cheats that may be using the Philippine banks to escape taxes.

source:
Philippines defends tax standard after G-20 blacklist | Home >> Other Sections >> Breaking News

[luwid]

aw naa ra man d ay nah... na late lang si Juan.. hehehe

[vergievergz]

hmmm...kinsa man jud kha ang tinuod ana nla??ang OECD or si Remonde??dali ra man siguro pg-ingon na ni-compy sila sa standards...lame excuse kaau pra nko ang ilang palusot na wla kaabot sa timetable...they can do better than that...bisag unsa pa na katas-a ilang speech defending their stand regarding this issue, they cannot hide the fact to the people living here na rampant jud kaau ang corruption...

[Emzs]

@moz_k2
bitaw. maynta naa

[seven_segment]

"Our government has a strong record of compliance with international financial and government standards, and we are working diligently to ensure that our reform agenda meets the needs for the enhancement of our own tax code and these revisions are consistent with appropriate international standards,"

LOS! LOS!...

everybody knows...kultura na sa pinoy ang under the table...

not just in the government...diha sa mga daplin pirting daghana...

kay kung wala pa ang datung...way katapusang gubat gihapon tah...ngari sa pinas!

[McLover]

hahay.. kung ang pinas nagpa angkon nalang unta sa americans b4... dili unta inun-ani ka maot ang pinas... just my pov...

d sila kay daghan na kaau silag probs, pun-an pa nto!

[radiostar]

ka lame anang excuse ni remonde oi.. parehas rana siya sa iyang asawa... cge rag palusot!

[ed168III]

grabe ra ka corrupt ang phil, ma infected nya ang uban, murag resident evil ang pinas, im sure ma frustrated ra c obama if he'll help us kay ang money maagto ra sa govt officials, dats wy obama wil hesitate helping kenya kay corrupt ra kaau according sa iyang speech, resident evil jud ning pinas! very infectious