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Press Release - Sen Pia's sponsorship speech on the Bill Taxing POGOs


Press Release
Committee Report No. 262 on Senate Bill No. 2232 (as delivered)
By Senator Pia S. Cayetano
Chairperson, Senate Committee on Ways and Means
Mr. President and distinguished colleagues, today, I rise to sponsor and seek your support for Senate Bill No. 2232, per Committee Report No. 262, which establishes the tax regime of Philippine Offshore Gaming Operators, otherwise known as POGOs.
These online gaming facilities have become a growing industry in the Philippines, generating additional revenues for the national government in the past year. According to the BIR, POGO collections in 2020 amounted to P7.18 billion, which is 11.71% higher than the P6.42 billion collection in 2019 of the same industry. ....

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Estate Tax Amnesty: To extend or not to extend?


BusinessWorld
May 17, 2021 | 8:02 pm
By Lex D. Tabilog
“To be or not to be” is one of Shakespeare’s most famous lines the opening of a
Hamlet soliloquy in Act 3, Scene 1. Prince Hamlet is speaking it aloud, but none of the characters seem to hear him. Is it possible that the characters have chosen not to listen because the topic is death?
In our culture, death is a topic best avoided in most conversations. In my own family, we seldom talk about our deceased loved ones. We find comfort in knowing that their memories will always be in our hearts and, less poetically, their names etched in land titles that form part of their legacy. ....

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