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Subject: Richard Gomez in tax probe; manager charged Author: Inquirer on-line [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 04:51:04 05/05/05 Thu Author Host/IP: 222.126.7.90 Actor Richard Gomez a no show in tax probe; manager charged Posted 12:51pm (Mla time) May 05, 2005 INQ7.net, GMA7 (UPDATE) ACTOR Richard Gomez failed to appear at the preliminary investigation of a tax evasion case against him at the Department of Justice on Thursday, as the Bureau of Internal Revenue filed yet another one, this time, against his manager. GMA Network's "Flash Report" said Gomez, through his lawyers, sought an extension on the deadline for his counter-affidavit, which the DoJ agreed to reset to May 19. Gomez's lawyers were quoted as saying that they wanted to compare the DoJ's copy of the charge sheet with the one given to the actor, accused of allegedly failing to file his income tax for several years despite earnings from product endorsements and television shows aired on GMA7, where he is a talent. Meanwhile, the BIR charged Douglas Quijano as president of Harte Beest Entertainment Company, which the agency said should have paid 13 million pesos in taxes representing Gomez's fees with ABS-CBN, GMA7, and Viva Productions, Inc. from 2000-2003. Gomez set up Harte Beest in 1994, according to GMA Network's "Flash Report." BIR records showed that the company declared "no operations" from 2000-2001, and also did not pay any tax in the next two years. However, ABS-CBN certified that it paid Gomez 18 million pesos in 2002-2003, Viva gave him 5.7 million pesos in the same year, and received 17 million from GMA7 in 2003. BIR Commissioner Guillermo Parayno was quoted as saying in the same "Flash Report" that the BIR would hold a forum with actors regarding the filing of their taxes. Klara Añonuevo, INQ7.net [ Next Thread | Previous Thread | Next Message | Previous Message ]

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[> Subject: TAX ISSUE UPDATE- R.G.s Manager gets Tagged Author: m.i.b. [Edit] Date Posted: 08:11:25 05/07/05 Sat Author Host/IP: 202.69.162.158 TAX ISSUE UPDATE- R.G.s Manager gets Tagged Its on Richard Gomez. They just included his manager on the probe. Richard requested more time to gather his finances paperwork together so they rescheduled his appearance for the same day Regine has to show up too. Richard's manager didn't declare alot of his ware's income. Richard was paid 18 million for all his work in one station or company and then 15 mil or so for all the work in another station and then 5 million plus for Viva? We're talking alot of work projects here. And Regine gets headlined for just one endorsement that wasn't declared? It wasn't like it was her regular day jobs like Richard was. Don't get any wrong ideas. I'm not against Richard. This is just between us here. And I'm just using his situation as an example for fans benefit. What is happening with Richard's case is what you would consider as a possible tax evader case. And it is because you are talking about so many days and so many different projects he has done for that time period. What happened with Regine is just ONE project. So some of you don't have to be too freaked about it. Whatever the circumstances are it should be taken care of in the normal way it is done. THE REAL PROBLEM TO BE DEALT WITH- But the way it was done and came about in the media is something her cunning media publicist should be made to answer for. He knows he's already in trouble for a zillion other things. But instead of trying to do right with Regine he does the complete opposite and tries to do even worst to her. Geez.. In case he is confused about something I think the right thing to do is go visit church and ask for god's forgiveness first for all your foolishness against her all these years. And then go visit Regine and confess it all again to her and her family. Beg for their forgiveness. Not add to the problems with more media scams like that Maxi-Media suit. The gig is up. The truths are out. It has been her own media publicist and not just her ex-managers causing alot of the scams. Denial is not a place one should hide in. ;-/ And then there's the question of all the income she lost due to all his foolishness. tsk, tsk.. What a character he has been hiding from view. Which is real? What you see on TV or the vile one attacking her? One wonders who are the other artists who are victims as well. Inside word on Music Scams http://insidebuzz.tripod.com ======================================================== > RV TAX ISSUE - Regine was officially summoned to appear on the 19th of May before the B.I.R. to present her side in writing. Most probably bring her 2 sisters, her business accountant and hopefully a good business lawyer. Hopefully not any of the ones known to be working with the person being linked to this latest half ligit/half media sham. m.i.b. http://insidebuzz.tripod.com (Originally posted in Regine Velasquez yahoo group) ======== T H O U G H T S *TO* R E M E M B E R ======== " The most basic freedom of all is the freedom to inquire, to ask, to challenge. " ====================================================== [ Post a Reply to This Message ]

[> [> Subject: Philippine Tax Stew Nears Boiling Point Author: mmJ- from RVML2 [Edit] Date Posted: 13:14:14 05/08/05 Sun Author Host/IP: 202.69.162.158 Philippine Tax Stew Nears Boiling Point Businesses Recoil at Plan By Manila to Raise Rates To Stem Revenue Shortfall By JAMES HOOKWAY / Staff Reporter of THE WALL STREET JOURNAL April 26, 2005; Page A13 MANILA, Philippines -- Late last year, Japanese electronics giant Toshiba Corp. closed its laptop-computer factory here and switched production to China. Toshiba's move to a cheaper manufacturing base reflected a migration of foreign investment to China during the past few years, which is challenging the Philippines and the rest of Southeast Asia. But instead of responding with policies to retain and attract investment, Philippine lawmakers are on the verge of approving legislation that will raise the country's already high corporate-tax rate and could speed up the outflow of manufacturing businesses to China and other Asian rivals. "It's three steps forward and five steps back," says Arthur Young, chief executive of Manila-based PSi Technologies Holdings Inc. and head of the country's semiconductor association. "We just don't understand the politicians' thought processes." The dilemma of how to increase tax revenue without deterring investment is one faced by many Asian countries. India recently introduced a value-added tax to the dismay of local retailers. But economists say India's fast-growing economy can absorb higher costs. The Japanese economy, by contrast, tipped back into recession in 1997 when its national sales tax was raised. Southeast Asian countries such as Malaysia and Thailand, meanwhile, have granted foreign investors limited tax holidays to attract them and since have trimmed corporate tax rates to more competitive levels to retain them. But successive Philippine governments have allowed the country to drift into a particularly tight revenue bind by failing to rigorously pursue tax collection. Years of corruption and slack law enforcement have left the Philippines with one of the world's worst tax-collection records. The country's annual tax haul equates to about 12.5% of its gross domestic product; only Asia's most impoverished countries -- Cambodia, Laos and Nepal -- report lower proportions of tax revenues to GDP. Manila's revenue shortfall has produced a wide and persistent budget deficit and an increasingly debilitating dependence on government bond issues to fill the gap. Last year, 37% of the Philippine budget went to paying interest on foreign debt. To address the problem, President Gloria Macapagal Arroyo's government proposed an increase in the country's value-added tax to 12% from 10% as the cornerstone of a new revenue-raising effort. Government officials calculated such a change would bring in an additional 87 billion pesos, or $1.6 billion, a year. The proposed increase was approved by the country's House of Representatives in March. But the Senate argued that business interests rather than consumers should shoulder the tax increase. The Senate passed a version of the proposed legislation that would raise the corporate tax rate to 35% from 32%. That would give the Philippines one of the highest rates in Asia. Business leaders in Manila are aghast. Many would prefer to see a more aggressive campaign to collect income and other taxes under laws already on the books, a view many economists share. The government has toughened its campaign against tax evasion in recent months. But many observers believe the government lacks the political will to sustain a campaign that can noticeably improve the tax-collection take. The Senate and the House are trying to reconcile their conflicting versions of the legislation. The lawmakers' ultimate decision could determine whether the Philippines will continue to see the erosion of an already meager flow of foreign investment. In 2004, the Asian Development Bank reported, the Philippines received $57 million of foreign direct investment, even less than the $115 million that went to Cambodia and far less than the $656 million committed to Thailand and the $2.1 billion Malaysia attracted. "The credit and the blame will be placed on Congress, nobody else," says Guillermo Luz, executive director of the Makati Business Club. "They have to weigh the different factors and come down on the right side of history." After a lengthy silence, Ms. Arroyo waded into the debate Thursday, urging congress to raise the value-added tax rate to 12% and leave the current corporate tax rate alone. "While seemingly bitter for all of us to swallow," she said, "I know that this pill will save our economy from fiscal demise that could stem from having one of the narrowest revenue bases in the world." Write to James Hookway at james.hookway@awsj.comhttp://online.wsj.com/article_email/0,,SB111445581021716200-H9jeoNilaZ4m5utanqGaquAm4,00.html Orginally posted in the REGINE VELASQUEZ YAHOO GROUP- regine_velasquez · asia's songbird!!!! http://groups.yahoo.com/group/regine_velasquez By Regine fan KvKv ----------------- music inside buzz ----------------- > >m.i.b. >http://insidebuzz.tripod.com > >(Originally posted in Regine Velasquez yahoo group) > >======== T H O U G H T S *TO* R E M E M B E R ======== >" The most basic freedom of all is the freedom >to inquire, to ask, to challenge. " >====================================================== [ Post a Reply to This Message ]