COMMISSIONER BEETHOVEN

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                    [ArticleID] => 100809
                    [Title] => Gov't may lose up to P5.5 B on tax-exempt, long-term bonds
                    [Summary] => 

The National Government stands to lose  between  P2.2 and P5.5 billion annually
from a ruling issued by former Internal Revenue (BIR) Commissioner Beethoven
Rualo  that would exempt  from taxes all government-issued bonds with maturity
of more than five years.

The BIR ruling was issued by Rualo on Jan. 7, 2000 following a query from
National Treasurer Leonor Briones regarding the tax exemption of bonds issued
by the Bureau of Treasury (BTr).

The BIR ruled that based on Sec.
                    [DatePublished] => 2000-02-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Gov't may lose up to P5.5 B on tax-exempt, long-term bonds

By Marianne V. Go | February 17, 2000 - 12:00am

The National Government stands to lose between P2.2 and P5.5 billion annually from a ruling issued by former Internal Revenue (BIR) Commissioner Beethoven Rualo that would exempt from taxes all government-issued...

Business