Philippine president to deal with tax evaders

20:28, July 16, 2010      

Email | Print | Subscribe | Comments | Forum 

Philippine president Benigno Aquino III is sticking with his promise not to raise new taxes but instead run after tax evaders to address the country's ballooning budget deficit.

Aquino, barely a month in his position, told reporters on Friday that his administration will file more charges against suspected tax evaders and smugglers and will make sure that the cases filed will prosper.

"We have the intelligence information. You want to make sure the information, the evidence is complete in order for (the case) to prosper in court so that conviction rate will not be low. It's non-sense to arrest if nobody will be convicted," Aquino said.

The Philippines' Bureau of Internal Revenue on Thursday filed its first tax evasion complaint against a businessman who owns a chain of pawnshop in the country.

For the first five months alone, the country's budget shortfall has already reached 162.1 billion pesos (3.49 billion U.S. dollars) , exceeding the government's target.

It is looking at a full-year deficit of 325 billion pesos (7 billion U.S. dollars) or 3.9 percent of the Philippines' gross domestic product.

Source: Xinhua

(Editor:王寒露)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • Arash Kamalvand (L) of Iran spikes the ball during the semifinal against South Korea at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. Iran won 3-1 to advance to the final. (Xinhua/Ahmad Halabisaz)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
Hot Forum Discussion