Tag: incentives

Grab PHL official denies lawmaker’s allegations of “modern-day slavery” vs the firm

“No one is being forced to drive long hours,” Cu says (Eagle News) — Grab Philippines on Friday, June 8, denied it was forcing its drivers to work as “slaves” for profit, and lashed out at PBA Rep. Jericho Nograles, who made the accusations. In a statement, Grab Philippines’ head Brian Cu said the company’s “major pillar in its strategy” was the “welfare” of its drivers, noting that  “no one among Grab partners is being forced […]

PHL loses over P300 billion in yearly revenues from corporate taxes, perks

  https://www.youtube.com/watch?v=BZWTXT8pD2Q (Eagle News) –The Department of Finance (DOF) said Thursday the government loses more than P300 billion annually from the implementation of income tax holidays and other incentives being enjoyed by big corporations. This, according to Finance Undersecretary Karl Kendrick T. Chua,  means there is a need for the rationalization of incentives for investors under the second tax reform package that  the DOF will submit to Congress before the end of January. Based on […]

Dalawang Lucena centenarians, nakatanggap ng cash assistance

LUCENA City (Eagle News) —  Tuwa at galak ang nadama ng dalawang lola sa lungsod ng Lucena dahil nakatanggap sila ng tig-P100,000 mula sa Lucena City Government. Ang dalawang lola–Constancia Abcede at Lourdes Lacerna—ay kabilang sa unang awardees na may 100 taong gulang na nabubuhay pa sa panahon ngayon. Pinangunahan ni Totoy Traqunia, Executive Assistant ng nasabing lungsod, ang pagkakaloob ng nasabing incentives sa dalawang centenarian. Malaki aniyang tulong ito sa mga centenarian sapagkat napaka-dalang na […]

Tax exemption for incentives and bonus pushed

BAGUIO CITY, Nov. 10 – – Members of the city council showed support for Senate Bill 2437 through approval of Councilor Leandro Yangot, Jr.’s proposed resolution during last week’s session. Senate Bill 2437 sought to raise the previous ceiling of P30,000 to P75,000 of 13th month pay, productivity incentives and Christmas bonuses for private and government workers for taxation purposes. The bill is a consolidation of five senate bills authored by Senators Angara, Ralph Recto […]