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  1. Join Date
    Nov 2005
    Posts
    45,927
    #11
    Quote Originally Posted by jimnyeatworld View Post
    ^ hinde Tidus talagang signs of tax evader talaga

    5 million lang difference ni Sharon Cuneta saka si Henry Sy

    tapos 1.82B lang binayad ng SM Prime vs. sa top 1 na 10B


    nagtatayo sila ng 3B-5B per mall almost thrice a year di pa kasama yun mga condo nya

    tapos 1.82B lang

    saka nasan BDO, wag mo sabihin share pa sa 1.82B pa yun.
    may sweldo si Henry Sy

  2. Join Date
    Nov 2005
    Posts
    45,927
    #12
    Quote Originally Posted by tidus1203 View Post
    Its stimple OB, don't take any income from your businesses. Leave it at your businesses... If you don't take the income, then you don't have taxable income. Let the business spend for your daily needs so you avoid taxation and in fact even reduce company taxes by declaring those as expenses... Also since these guys are shareholders, their stock value rises that is what makes them rich. If they don't sell their stock and just hold on to it you don't have tax obligations cause wala namang realize gains all paper gains lang...

    These guys are smart, very smart...
    nakalimutan yata ng mga tao na iba ang kita ng company sa kita ng individual

    hindi naman tulad ng sole proprietorship na ang kita ng company ay kita na din ng owner

    like yung owner pwede kumuha ng pera sa cash register ng tindahan niya

    ibang iba ang publicly owned company

  3. Join Date
    Nov 2002
    Posts
    1,326
    #13
    Quote Originally Posted by claRkEnt View Post
    according sa news, pacman paid almost 60M nung 2008 then down to 7M ng 2009... parang may mali di ba? to think na di rin nman nagbago endorsements nya (nadagdagan pa nga).
    hindi masama siguro na mag hire ng tax consultant or tax lawyer to do the taxes properly... sa batas and sa tax code.. maraming ways to legally avoid paying taxes.. like what's mentioned before.. make the company pay your personal bills na palabasin na company expense, wala ng personal expenses, tax deductible pa...

    like.. ilabas ni Pacquiao ang pera nya to the US (bumili sya ng condo dun di ba? ), there may be a 1 time tax payment for bringing out the funds, but hindi counted sa income tax statement yun...

    yung mga endorsements nya locally.. not sure if there's a way na palabasin na ex-deal yun para ma minimize ang taxes to be paid on his part (yung burden na magbayad ng taxes ay nasa brand owner na kumuha sa kanya bilang endorser?) ...

    he could do that since he has the asset base to protect... sa kagaya ng mas nakararami sa atin... hindi worth it na gumastos ng ganyang kamahal for tax advice, kung ang asset base ay magkano din lang naman...

  4. Join Date
    Oct 2002
    Posts
    40,095
    #14
    Quote Originally Posted by uls View Post
    nakalimutan yata ng mga tao na iba ang kita ng company sa kita ng individual

    hindi naman tulad ng sole proprietorship na ang kita ng company ay kita na din ng owner

    like yung owner pwede kumuha ng pera sa cash register ng tindahan niya

    ibang iba ang publicly owned company

    we know that, what I'm trying to say is, dapat ginawang siya ng tax shield ng accountant niya. diba meron na siyang company ngayon? two in fact wire production and meron pang isa eh.

    hinde naman dine declare specifically sa BIR yun income mo yun meron withholding tax sa ganitong income then doon sa isang income walang WT.

    mukhang pathetic ang BIR natin mas malaki pa binabayaran tax ng isang employee kesa sa boss niya .(Revillame, MVP).
    Last edited by shadow; December 14th, 2010 at 12:13 PM.

  5. Join Date
    Feb 2008
    Posts
    14,181
    #15
    Quote Originally Posted by claRkEnt View Post
    according sa news, pacman paid almost 60M nung 2008 then down to 7M ng 2009... parang may mali di ba? to think na di rin nman nagbago endorsements nya (nadagdagan pa nga).
    Looks like he is learning how to play around with taxes and corporation... Very good, he is getting smarter instead of declaring all those as personal income...

  6. Join Date
    Oct 2002
    Posts
    29,354
    #16
    Quote Originally Posted by claRkEnt View Post
    according sa news, pacman paid almost 60M nung 2008 then down to 7M ng 2009... parang may mali di ba? to think na di rin nman nagbago endorsements nya (nadagdagan pa nga).

    I think he hired some clever accountants and created a corporation to be a tax front for him. Wouldn't you do the same if it would save you millions?
    Last edited by ghosthunter; December 14th, 2010 at 01:02 PM.

  7. Join Date
    Oct 2002
    Posts
    40,095
    #17
    hinde ko tuloy alam kung sobrang tanga or sobrang honest si Revillame. pero mahigpit talaga BIR ngayon.

    a very good friend of mine called me last week and asking kung sino meron contact or malakas kapit sa BIR, nahuli din company niya not declaring proper taxes. actually meron nag report na employee dahil meron rewards sa BIR. they had a meeting sa BIR office and ang laki ng na assess na back taxes.

    told him to just pay up that assessor para ma-close na ang book close shop na ang company then open na lang ng bagong company name.

  8. Join Date
    Feb 2008
    Posts
    14,181
    #18
    Yep if in case you get caught by the BIR better to just wind up and create a new company. Much less hassle!

  9. Join Date
    Nov 2005
    Posts
    45,927
    #19
    ipagpatuloy lang ni PNoy ang pag harass niya sa mga business

    ma-di-discourage ang mga capitalist mag invest, mag expand

  10. Join Date
    Dec 2009
    Posts
    607
    #20
    The top 12 individual taxpayers in 2009 were

    #1 - Elaine B. Gardiola, P59.54 million
    #2 - Rosabelle C. Bandong, P57.87 million
    #3 - Wilfredo B. Revillame, P57.25-million (#2 in 2008)
    #4 - Francis Carlo D. Taparan, P38.75 million
    #5 - Ronaldo R. Soliman, P36.7 million
    #6 - Ramon S. Ang, president of San Miguel, P26.44 million
    #7 - Oscar M. Lopez, former chairman of First Philippine Holdings, Co., P25.70 million
    #8 - Henry Sy, Sr., president of SM Investments Corp., P25.18 million
    #9 - Carlos D.C. Ejercito, P25.02 million
    #10 - Bonifacio D. Gumboc, Jr., P24.74 million
    The Chinese own a majority of the businesses, pero 2 lang sa Top 10. Magaling ang accountant nila.

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BIR's list of biggest taxpayers for 2009