{"id":61677,"date":"2015-09-21T15:27:00","date_gmt":"2015-09-21T07:27:00","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=61677"},"modified":"2015-09-21T15:27:00","modified_gmt":"2015-09-21T07:27:00","slug":"henares-on-lifting-bank-secrecy-law-there-is-nothing-we-can-do","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/09\/21\/henares-on-lifting-bank-secrecy-law-there-is-nothing-we-can-do\/","title":{"rendered":"Henares on lifting bank secrecy law: \u2018There is nothing we can do\u2019"},"content":{"rendered":"<figure id=\"attachment_5429\" aria-describedby=\"caption-attachment-5429\" style=\"width: 604px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/03\/bir_comm_kim_henares1A.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-5429\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/03\/bir_comm_kim_henares1A-748x1024.jpg\" alt=\"Commissioner Kim Henares (Photo from www.bir.gov)\" width=\"604\" height=\"827\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/03\/bir_comm_kim_henares1A-748x1024.jpg 748w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/03\/bir_comm_kim_henares1A-219x300.jpg 219w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/03\/bir_comm_kim_henares1A-438x600.jpg 438w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/03\/bir_comm_kim_henares1A.jpg 1983w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><figcaption id=\"caption-attachment-5429\" class=\"wp-caption-text\">Commissioner Kim Henares (Photo from www.bir.gov)<\/figcaption><\/figure>\n<p>MANILA \u2013 With several lawmakers rejecting Malaca\u00f1ang\u2019s proposal to lift the bank secrecy law, Bureau of Internal Revenue (BIR) Commissioner Kim Henares may not be pushing for its passage.<\/p>\n<p>The anti-tax evasion measure was earlier pressed by Henares and Finance Secretary Cesar Purisima to compensate the Congess\u2019 income tax reform bill which has been projected to entail P29-billion in revenue losses.<\/p>\n<p>\u201cThis is a way to collect taxes properly so that we will have room to adjust, but they (several representatives) don\u2019t like it, so there is nothing we can do,\u201d the BIR Secretary said in a Philippine Star report.<\/p>\n<p>\u201cThey want to lower the rate of income tax. We are suggesting a way how to do it without increasing taxes. At the end of the day, it is up to them,\u201d she added.<\/p>\n<p>Last week, several congressmen opposed Malaca\u00f1ang\u2019s proposal to ease restrictions in the bank secrecy law, asserting that it may discourage businessmen and lead to the harassment of some politicians.<\/p>\n<p>President Benigno \u201cNoynoy\u201d Aquino III, for his part, reportedly \u2018scolded\u2019 allies who allegedly supported the lowering of personal and commercial income tax rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 With several lawmakers rejecting Malaca\u00f1ang\u2019s proposal to lift the bank secrecy law, Bureau of Internal Revenue (BIR) Commissioner &hellip;<\/p>\n","protected":false},"author":33,"featured_media":5429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[249],"class_list":["post-61677","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\/61677","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=61677"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/61677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/5429"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=61677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=61677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=61677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}