News Formal

Dominguez: Some POGOs ‘canceling’ PH lease contracts ‘for lack of business’

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 86%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Finance Secretary Carlos Dominguez III: “I think the Chinese government is clamping down on money transfers, I think the [Chinese government] also started canceling passports of those people servicing the POGO industry.” | CMRamosINQ

This was disclosed after Senate Minority Leader Franklin Drilon asked Dominguez on the projected revenues the government can earn with the revised computation of the franchise tax collected from POGOs under the Bayanihan to Recover as One Act.Dominguez was not able to give a specific amount but assured that the DOF will provide the Senate with the projected figures as soon it becomes available.

In June, the Philippine Amusement and Gaming Corp. reported a looming POGO “exodus” due to tax issues. This, after Macau-based Suncity Group, the world’s largest junket operator, closed down its POGO unit in the country. It was also revealed in the same hearing that many POGO workers have yet to secure tax identification numbers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE: Senate hearing on the 'pastillas scheme' in POGO industryThe Senate probes alleged money laundering, crimes, and other nefarious activities associated with POGO operations. Bookmark this page to watch the Senate hearing at 10 am. The Philippines as scavenger of the trash that the communist govt. of China declared illegal for being harmful to its society. Sayang hindi ma white sand ang dire effects ng gambling, prostitution, kidnapping drug use, extortion, etc. that come with it.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Carla Abellana launches sterilization tools online business, The Clean Freak PHFor germaphobes out there, Carla Abellana has your back with her online business specializing in sterilization tools, The Clean Freak PH. Find out about her newest venture in her vlog, here.
Source: gmanetwork - 🏆 12. / 63 Read more »