{"id":55850,"date":"2015-07-15T18:27:01","date_gmt":"2015-07-15T10:27:01","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=55850"},"modified":"2015-07-15T18:27:01","modified_gmt":"2015-07-15T10:27:01","slug":"ph-us-enters-deal-to-curb-tax-evasion","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/07\/15\/ph-us-enters-deal-to-curb-tax-evasion\/","title":{"rendered":"PH, US enters deal to curb tax evasion"},"content":{"rendered":"<p><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/11\/shutterstock_174322073.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-33031\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/11\/shutterstock_174322073-300x200.jpg\" alt=\"tax audit\" width=\"300\" height=\"200\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/11\/shutterstock_174322073-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/11\/shutterstock_174322073-900x600.jpg 900w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/11\/shutterstock_174322073.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>MANILA &#8212; The Philippines and the United States entered into an agreement to reduce offshore tax evasion and promote transparency under the\u00a0latter\u2019s Foreign Account Tax Compliance Act.<\/p>\n<p>\u201cThe Philippines continues to stand at the forefront of fiscal transparency across the Asia-Pacific region, reaping measurable returns for our people,\u201d Finance Secretary Cesar Purisima said.<\/p>\n<p>The agreement signed with US Ambassador Philip S. Goldberg aims to reduce both tax evasion and avoidance.<\/p>\n<p>\u201cTax evasion across borders is an alarming problem that we can beat back with openness and mutual cooperation. This (intergovernmental agreement) is an affirmation of that ideal,\u201d he added.<\/p>\n<p>The deal will allow automatic reporting of financial accounts held by US persons in the Philippines to the Bureau of Internal Revenue.<\/p>\n<p>The reports will then be relayed to the US\u00a0Internal Revenue Service.<\/p>\n<p>\u201cBy working together to detect, deter, and discourage tax abuses through increased transparency and enhanced reporting, we can help to build a stronger, more stable, and more accountable global financial system,\u201d Goldberg said.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The Philippines and the United States entered into an agreement to reduce offshore tax evasion and promote transparency &hellip;<\/p>\n","protected":false},"author":44,"featured_media":33031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-55850","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/55850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=55850"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/55850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/33031"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=55850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=55850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=55850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}