BusinessWorld Online: Economy

OECD final report on Base Erosion and Profit Shifting (BEPS): Overview

Economy

Oct 252015

(Second of two parts) In last week’s column, we discussed how the Organization for Economic Cooperation and Development (OECD) issued its final report on all the 15 BEPS Action Plans on Oct. 5, which was the culmination of two years of work with the intent of restoring confidence in the international tax framework by addressing weaknesses that create opportunities for Base Erosion and Profit Shifting (BEPS). We previously looked at the first seven Action Plans, which discussed areas such as hybrid mismatch arrangements, controlled foreign company rules, interest benefits and treaty benefits, among others. We will now continue with the remaining six Action Plans.

Gov’t may rethink El Niño efforts

Economy

Oct 222015

THE GOVERNMENT is set to review its program to mitigate the effects of El Niño given a change in weather patterns, which may soften the blow of an expected drought, a Cabinet official said.

Mindanao gets bulk of infra projects approved by PRDP

Economy

Oct 222015

DAVAO CITY — A total of 190 infrastructure projects with a combined cost of P11.3 billion have been approved for implementation under the Philippine Rural Development Project (PRDP), with Mindanao cornering the bulk at P5.1 billion for 113 sub-projects.

Two groups qualify for accreditation for vehicle insurance

Economy

Oct 222015

TWO INSURANCE consortia are poised to bag deals for the countrys public utility vehicles (PUVs), sealing their foothold over a market that will likely exceed 400,000 units in three years due to online ride-hailing applications.

Iloilo province studying options for developing ecozone in Dumangas

Economy

Oct 212015

ILOILO CITY — The provincial government of Iloilo is assessing three options for the construction and management of the first of two planned special economic zones in the northeastern coastal area.

S.Korean firm’s Davao LRT proposal to cost P40B

Economy

Oct 212015

DAVAO CITY — The Light Railway Transit (LRT) system that will run from the north to the southern end of the city, proposed by Korean Engineering & Construction (KEC), is estimated to cost P40 billion and could be completed by 2020 if construction starts next year.

Senior citizen’s ID: one less thing to remember

Economy

Oct 212015

Setting aside my personal opinion on issues of public governance, I somehow feel grateful whenever our government exerts effort to show concern and filial care for our senior citizens. One concrete example is the enactment of Republic Act No. 9994, otherwise known as the “Expanded Senior Citizens Act of 2010.”

BOT Law amendment process stalls; no assurance of passage

Economy

Oct 192015

THE PROPOSAL to amend the country’s rules governing public-private partnership (PPP) deals in infrastructure projects faces rough sailing in Congress with lawmakers unable to assure its passage.

CoA reports 10% disbursement rate for small-farm fund

Economy

Oct 192015

A UNIT of the Department of Agriculture (DA) focused on farm credit has given out only a tenth of its total loans to small farmers, which state auditors said defeated the purpose of extending help to the sector.

ASEAN integration: An insight on tax implications for expats

Economy

Oct 192015

As the number of multinational companies continues to rise in the Philippines, the number of expatriate employees is also increasing. This will only multiply as the Philippines prepares for the beginning of the Association of Southeast Asian Nations (ASEAN) integration this year.

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