Mar 302016
 

Taxation law is composed of myriads of laws, regulations, rulings and other issuances — it’s overwhelming even to professional practitioners. From time to time, however, the courts are able to cut through extraneous matters and deliver clear guidance not only for taxpayers but also for tax authorities. One such instance is the recent case decided by the Court of Tax Appeals (CTA) on Jan. 27, 2016. The issue facing the court was whether a domestic corporation that received additional capital by way of contribution from its non-resident shareholder is liable as a donee to pay the alleged donor’s tax on the contribution.

Mar 292016
 
Apl. deAp gets a ‘spotlight’ at CHLA

By Abner Galino Apl. de ap poses with well-wishers that included officers of Apl. de ap Foundation, namely Ted Benito (first from left), Susan Delen (third from left) and Fritz Friedman (standing beside him). On the far right is Dr. Thomas Lee, Vision Center division chief of Children’s Hospital of Los Angeles. The photo was taken shortly after the unveiling of the rapper’s spotlight at the CHLA’s celebrity donor wall. Photo: Odette Galino POPULAR rapper Apl. deap has earned a “spotlight” at the Children’s Hospital of Los Angeles (CHLA) celebrity charity wall for leading a campaign against blindness among children in the Philippines. Apl. deap, whose real name is Allan Pineda Lindo, came to the CHLA at Sunset Boulevard, Los Angeles on Thursday and took part in the unveiling of his “spotlight.” He is the first Filipino American to be featured in the said donor wall reserved for celebrities, artists and sports figures who have helped the CHLA or its programs in big ways. The rapper was welcomed by Dr. Thomas Lee, MD., CHLA division chief for Vision Center,  and other CHLA staffers; fellow Filipino American philanthropists and Los Angeles based journalists. In unveiling the spotlight, Lee told the rapper that he was “honored to be part of your (Apl. deap’s) life, and in what you do and how we can help each other realize a better world for children all over the world.” Apl. deap thanked Lee and the CHLA for featuring him in the celebrity charity wall, adding Read More …

Mar 292016
 
Paul Soriano wants to have twins

Toni Gonzaga (MNS photo) TV and film director Paul Soriano was careful not to talk about the rumored pregnancy of his wife, Toni Gonzaga, but revealed that he is already prepared to take on the role of a father. Soriano said he has long been ready to have kids when he decided to marry Gonzaga last year. “Like I said, I thrive on the uncertainty. Sometimes, that’s what I like to do — the things I’ve never done before,” he said. “I was prepared even before I got married. I was ready then, and I’m ready now. Whenever God wills it, we’ll embrace it.” When hypothetically asked whether he likes to have a baby boy or a girl first, he said: “Twins. I think it’s in the blood of my family. Just for me, every time I see twins, curious ako.” Meanwhile, Soriano shared that Gonzaga hasn’t slowed down with work and that she is still doing “her regular thing.” Toni Gonzaga and Paul Soriano (MNS photo) “She’s great. I always say na kapag Tuesday, I share her with John Lloyd. I think they are shooting in Batangas right now. She’s good,” he said. “She’s still grinding it out there. Actually, my problem with Toni is slowing her down.” Despite this, Soriano doesn’t want to be the kind of husband who tells his wife how to do things. “I’d let it come from her. I don’t want to be that guy to tell her what to do. But she knows Read More …

Mar 292016
 
Aquino adviser Acosta convicted of graft for PDAF misuse

President Benigno S. Aquino III delivers his speech during the 119th Founding Anniversary of the Philippine Army at the Brigadier General Tirso Fajardo Building, Headquarters Philippine Army Grandstand, Fort Bonifacio in Taguig City on Tuesday (March 22), with the theme: “Serving the People. Securing the Land.” Also in photo are Defense Secretary Voltaire Gazmin, AFP Chief of Staff General Hernando Iriberri and PA Commanding General Lt. Gen. Eduardo Año. (MNS photo) MANILA  (Mabuhay) – Presidential adviser on environmental concerns and Laguna Lake Development Authority (LLDA) general manager Nereus Acosta has been sentenced to a maximum of 10 years of imprisonment after being found guilty of one count of graft in connection with the misuse of his pork barrel funds as district representative of Bukidnon. The Sandiganbayan’s fourth division on Monday found Acosta “guilty beyond reasonable doubt” of graft for giving undue preference and advantage to the Bukidnon Vegetable Producers Cooperative, where his mother, former Manolo Fortich mayor Socorro Acosta, was director and cooperator. Acosta, a member of the Liberal Party, allocated P5.5 million of his Priority Development Assistance Fund (PDAF) to BVPC in 2002, with the amount being coursed through the municipality of Manolo Fortich. Both mother and son were named respondents in the case. Socorro was likewise convicted of two counts of graft, with the other conviction stemming from her approval of the financial assistance funded by her son’s PDAF to BVPC. Aside from facing a minimum of six years and one month to a maximum of 10 years Read More …