THE Court of Tax Appeals has granted a petition filed by Process Machinery Company, Inc. (PMCI) to set aside a value-added tax (VAT) deficiency assessed by the Bureau of Internal Revenue.

THE Court of Tax Appeals has ordered the Bureau of Internal Revenue to refund over P5.8 million to a data processing firm, partly granting the company’s petition for a refund of unutilized input Value-Added Tax (VAT).

CASH USAGE by government agencies rose slightly to 78% in the seven months to July, the Department of Budget and Management (DBM) said.

BEIJING/WASHINGTON — U.S-China trade talks this week were heavy on details but short on progress as U.S. negotiators outlined cases of American firms harmed by Chinese practices and China argued it was meeting its WTO obligations, people familiar with contents of the discussions said.

THE buzz on the amendments to the tax laws has not wavered since last year. However, another important proposed change to our laws which deserves to be highlighted is the amendment of the Corporation Code. Senate Bill No. 1280 (SB 1280) “An Act Amending Batas Pambansa Blg. 68 or the Corporation Code of the Philippines,” has hurdled third reading at the Senate.

As far back as 1991, I was vocal about investing in our defense should the government decide to let go of the US bases on account of a provision in the 1987 Constitution mandating “no foreign troops on Philippine soil.” Up to that point the US was our defense shield, and if we were to give it up then we would have to be responsible for the country’s defense.

THE corporate system of “Independent Directors” does not exist under the current version of the Corporation Code of the Philippines, where the aspect of “minority representation” is covered by the requirement of cumulative voting, which makes it mathematically possible for minority shareholders to pursue minority representation in the Board of Directors. This is understandable since the primary role of the Corporation Code (CC) since its enactment in 1980 is to be the “general enabling law” referred to in our Constitution by which private corporations of all types may be organized for private interests, covering all types of corporations, stock and nonstock, close or family-owned, and not merely limited to “publicly-held corporations” (PHCs).

IN a survey conducted by Pulse Asia last June, two out of three Filipinos do not agree that the 1987 Constitution should be revised...

A SENSE of direction was discovered to be built into the brain. This was the research work of three scientists working separately for which in 2014, they were awarded the Nobel Prize for medicine. John O’Keefe and a husband and wife team, Edvard and May-Britte Moser, proved that one part of the brain serves as a mapping system that allowed a person to navigate and manage to go from one place to another, and also to recognize places he had already been to.

SOUTH KOREA advanced to the semifinals of the basketball competition at the 18^th Asian Games in Indonesia after defeating the Philippines, 91-82, in their quarterfinal matchup at the Gelora Bung Karno Basketball Hall in Jakarta on Monday.

NEW YORK — Serena Williams launches her bid for a record-equalling 24^th Grand Slam title on Monday, sharing the Arthur Ashe Stadium stage with defending men’s champion Rafael Nadal in a blockbuster US Open opening night.

MADE her Asian Games debut for the Philippines, Filipino-Japanese Yuka Saso had it auspicious as she bagged the second gold for the country in the ongoing continental sporting meet on Sunday.