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Emperador holds first cocktail competition in Singapore

Emperador Inc., the world s largest brandy company that owns the world s number one brandy, further emphasized the flexibility of its spirits portfolio by bringing together the best Filipino mixologists from Singapore s cosmopolitan F&B scene in its first-ever cocktail competition in the island state. ....

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BIR-Megaworld fiasco reaches 'way forward' after House hearing

House Ways and Means Committee Chair Joey Salceda (File photo) MANILA - The House Ways and Means Committee on Monday said it has "reached a way forward" regarding the controversy involving the Bureau of Internal Revenue and Megaworld Corp., particularly on what legislation and tax administration rules are needed to ensure that similar incidents are avoided in the future. This development came after the panel conducted a briefing for clarification on the Bureau of Internal Revenue's verification of taxes on one-time transactions (ONETT), involving Megaworld Corporation's sale or transfer of properties. The tax verification on Megaworld's ONETT transactions resulted in the BIR's now-suspended closure order. House Ways and Means Committee Chair Joey Salceda said the committee will recommend to the tax agencies ways to improve procedures on taxpayer dispute, rules on joint ventures (JVs), and matter of jurisdiction. "There are three main recommendations we ar ....

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