{"id":61525,"date":"2015-09-17T19:08:22","date_gmt":"2015-09-17T11:08:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=61525"},"modified":"2025-01-08T13:05:23","modified_gmt":"2025-01-08T18:05:23","slug":"lawmakers-oppose-lifting-of-bank-secrecy-law","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/09\/17\/lawmakers-oppose-lifting-of-bank-secrecy-law\/","title":{"rendered":"Lawmakers oppose lifting of bank secrecy law"},"content":{"rendered":"
\"The<\/a>
The Plenary Hall, House of Representatives Complex, Constitution Hills, Quezon City
(Photo by Malaca\u00f1ang Photo Bureau\/Robert Vi\u00f1as)<\/figcaption><\/figure>\n

MANILA \u2013 With the Malaca\u00f1ang saying that they will support the passage of the income tax reform bill if the Congress lifts the bank secrecy law, several lawmakers stressed that the proposal may discourage businessmen and lead to the harassment of some politicians.<\/p>\n

\u201cI am against it (lifting bank secrecy law) because this will scare off local and foreign investors,\u201d House Speaker Feliciano \u201cSonny\u201d Belmonte Jr. said.<\/p>\n

\u201cIt\u2019s a gambit against the idea of lowering income tax.<\/p>\n

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My challenge to BIR (Bureau of Internal Revenue) is to expand the miniscule tax base of the country and start with the country\u2019s richest families and those, although ostensibly not rich, who deport themselves with super expensive cars,\u201d he added.<\/p>\n

Leyte Representative Ferdinand Martin Romualdez, on the other hand, believed that the Palace\u2019 proposal may be \u2018good and very laudable for transparency and accountability.\u2019 He feared, however, that the anti-tax evasion measure may allow the persecution of some members of the opposition.<\/p>\n

\u201cPassing this right now is ill timed because we have a color-blind government or selective in giving justice and not sincere in prosecuting violators of the country\u2019s laws,\u201d Romualdez said.<\/p>\n

\u201cThis could be used as a tool for persecution or harassment against members of the political opposition.<\/p>\n

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This government has a track record of demolishing the image of its enemies,\u201d he added.<\/p>\n

Buhay Hayaang Yumabong (Buhay) party-list Representative Lito Atienza also saw that the lifting of the bank secrecy law could be used politically instead, pointing out the Aquino administration\u2019s alleged \u2018selective justice.<\/p>\n

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\u2019<\/p>\n

\u201cI would support that under a different condition, kapag nakikita mong fair play ang labanan<\/em>, ngayon peligroso<\/em>. I am not in support now because this can be used politically. We can\u2019t do this under a regime behind selective justice, mabigat iyan<\/em>. Kawawa naman ang oposisyon<\/em>,\u201d Atienza said.<\/p>\n

(I would support that under a different condition, when you see that there\u2019s fair play in the fight; right now, it\u2019s perilous. \u00a0I am not in support now because this can be used politically. We can\u2019t do this under a regime behind selective justice, that\u2019s formidable. I pity the opposition.)<\/p>\n

It can be noted that Vice President Jejomar \u201cJojo\u201d Binay, who named himself as the leader of the opposition, has been facing numerous corruption allegations against him.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 With the Malaca\u00f1ang saying that they will support the passage of the income tax reform bill if the …<\/p>\n","protected":false},"author":33,"featured_media":56543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[249],"class_list":["post-61525","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","tag-rewrite","mauthors-cyra-moraleda","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/61525","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\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=61525"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/61525\/revisions"}],"predecessor-version":[{"id":280948,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/61525\/revisions\/280948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/56543"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=61525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=61525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=61525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}