Latest News for: Taxes offshore


In Hurricane Ian's wake, dangers persist, worsen in parts

Dothan Eagle 03 Oct 2022
Florida woman stuck in 'floaty pool' during Hurricane Ian goes viral Ian evacuees wait in Dothan before returning home County approves hospital tax. Ian's remnants moved offshore and formed a nor’easter that is expected to pile even more water into an already inundated Chesapeake ...

Light shines on solar-wind-battery electricity plant

Arkansas Democrat-Gazette 02 Oct 2022
The vast majority of such projects are solar power with battery storage, largely because of tax credits, but projects in the pipeline include offshore wind-plus-battery, hydroelectric-plus-battery and at least nine facilities like the one in Oregon that will combine solar, wind and storage.

Why tech billionaires are actually dumber than you think

Alternet 02 Oct 2022
It was the first time an Indian, or, for that matter, an Asian, had enjoyed such a distinction ... There was no mention of the serious accusations he faces of corruption and diverting money into offshore tax havens, or of the entire website, AdaniWatch, devoted to investigating his dirty deeds ... What are they doing with all this wealth? ... This is a façade.

BIR figures show that POGO Tax Law works, rakes in gov’t revenues–House leader

Manila Bulletin 01 Oct 2022
“From January to October 2021, prior to the implementation of RA 11590, we collected only P300 million per month in taxes from POGO ... The Supreme Court (SC) recently affirmed the validity of the POGO Tax Law, which imposed taxes and other tax administration provisions on offshore gaming licensees, their employees, and their service providers.

Gov’t, private sector stand to lose P100 billion a year with POGO shutdown

Manila Standard 01 Oct 2022
The ruling, however, is not expected to have a major impact on revenues the government collects from POGOs, as there is a law––Republic Act 11590 or “An Act Taxing Philippine Offshore Gaming Operations”––that, according to legislators, already governs tax collections from the industry.

SC: POGO ‘rider’ tax illegal

Manila Standard 01 Oct 2022
... tax, income tax, and other applicable taxes upon offshore-based POGO licensees.” ... But Senator Juan Edgardo Angara said the Court decision was moot as Republic Act 11590, or An Act Taxing Philippine Offshore Gambling Operations overrode the provisions in the Bayanihan 2 Law.

Zubiri urges PBBM to take a hard look at PH’s policy on POGOs

Manila Bulletin 30 Sep 2022
... in the Bayanihan 2 Law as it finally puts to rest the applicable tax regime for offshore gaming activities.’’ ... 11590, otherwise known as “An Act Taxing Philippine Offshore Gaming Operations,” which provides for the detailed tax obligations of the offshore gaming industry.

Pogos cannot be made liable for taxes prior to RA 11590 – SC

The Philadelphia Inquirer 30 Sep 2022
... of Republic Act 11590" or an Act taxing Philippine Offshore Gaming Operations (Pogos), the Supreme Court (SC) said in a recent ruling.

Philippines closes online gambling operators targeting Chinese

Beijing News 30 Sep 2022
Before the COVID-19 pandemic and higher taxes forced many to operate elsewhere, Philippine offshore gambling operators employed more than 300,000 Chinese workers at their peak ... According to the finance ministry, the offshore gambling operators generated ...

Senators renew call for review of Pogo operations

The Philadelphia Inquirer 30 Sep 2022
11590 or An Act Taxing Philippine Offshore Gaming Operations has already been passed into law.

Letter to the Editor: The Case Against Changing County Code for Wind Turbines

The Centralia Chronicle 30 Sep 2022
Here’s the case against the proposed amendment to Lewis County Code 17.30 to facilitate testing a wind farm in the Boistfort Valley. To keep this short, here is my argument against the code change that I will present to county commissioners on Oct. 4. Key issues. ... - Enriching offshore wind turbine companies ... - Filling the Lewis County tax coffers.

Rafael Correa: ‘They Have Already Destroyed Assange’

Scheerpost 30 Sep 2022
Then Ecuadorian foreign minister Ricardo Patiño with Julian Assange at the embassy in London, 16 June 2013. (Photo. Xavier Granja Cedeño / Ecuador foreign ministry). By Matt Kennard / Declassified UK ... He was a hunted man ... Guillermo Lasso, a rightwing banker who was embroiled in the Pandora Papers offshore tax leaks, narrowly won the 2021 election ... ....

YOUR MONEY: Are SA RAs still worth it?

Business Day 29 Sep 2022
Are SA retirement annuities (RAs) worth it with the tax saving on the first R350k? There comes a point where the low local return very quickly negates tax savings. Should one just pay one’s tax and invest offshore? ... It is loaded with excellent tax savings and can go a long way towards helping investors save for retirement ... Local vs offshore returns.

Inside a GOP Candidate’s Tropical Island Tax Shelter

Yahoo Daily News 29 Sep 2022
Corporate & Chancery Group’s website says that this attorney specializes in corporate tax law—including “structuring holding companies for regional licensing, advising on offshore jurisdictions and transactions, international corporate tax planning with the use of offshore ...

Sounding the death knell for POGOs

The Manila Times 29 Sep 2022
NEXT week, the Senate starts a hearing to determine how a ban on Philippine Offshore Gaming Operators, or POGOs, will impact the economy ... It's a complete turnaround from the grand welcome accorded to the offshore gaming operators in 2016, when they were first allowed to set up shop here by the Duterte administration.

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