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BIR's procedural lapses costs gov't P160M tax debts

The Court of Tax Appeals (CTA) has turned down the petition of the Bureau of Internal Revenue (BIR) to compel an industrial firm to pay more than P160 million in deficiency taxes. And it appears that it was because procedural lapses was again committed by BIR personnel in running after the First P
City Of Pasig First Philippine Industrial Corporation Of Pasig City Bureau Of Internal Revenue Tax Appeals Internal Revenue First Philippine Industrial Corporation
Source: mb.com.ph

Competitiveness Means Less Government, Not More

The Administration's American Competitiveness Initiative is thewrong solution in response to a flawed diagnosis. America'scompetitive position is not threatened because the federalgovernment is not spending enough: The problem is that governmentis too big. Excessive government causes the misallocation of laborand capital, and the high tax rates needed to finance it discouragework, saving, and investment.
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