Author Topic: Top 10 Individual Taxpayers for 2013  (Read 2471 times)

hubag bohol

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Top 10 Individual Taxpayers for 2013
« on: April 17, 2013, 10:30:40 AM »
Top 10 taxpayers with corresponding taxes paid:


    Kris Aquino (media) - P49,871,657.37
    Gregory Reichow (Tesla Motors executive) - P38,196,685.00
    Lauro Baja, Jr. (senior diplomat) - P34,257,368.88
    Manuel V. Pangilinan (mining and telecommunications businessman) - P25,992,131.86
    Aurelio Montinola III (Bank of the Philippine Islands president) - P24,472,645.10
    Gerardo Ablaza, Jr. (Manila Water, Co. chief) - P22,645,262.00
    Philippe Jones Lhuillier (Cebuana Lhuillier pawnshop chain chief) - P21,645,000.00
    Victor Manguerra Angeles - P21,202,815.34
    Roberto Panlilio (Investment banking company JP Morgan executive) - P19,613,943.97
    Felipe Gozon (GMA Network chief) - P19,587,983.60

More at: http://www.philstar.com/business/2013/04/15/930988/bir-kris-aquino-smart-top-taxpayers


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Lollapalooza

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Re: Top 10 Individual Taxpayers for 2013
« Reply #1 on: April 17, 2013, 10:47:40 AM »
aw ginagmay ra diay ni sila Lucio Tan, mga Lopez (ABS-CBN), Gokongwei, Henry Sy, Manny Villar.. ug uban pa

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islander

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Re: Top 10 Individual Taxpayers for 2013
« Reply #2 on: April 17, 2013, 11:01:41 AM »
haaay, salamat wa ko maapil sa lista, hihihi. ;D

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hubag bohol

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Re: Top 10 Individual Taxpayers for 2013
« Reply #3 on: April 17, 2013, 11:08:15 AM »
Why the Zobels are not in the BIR’s 500 top taxpayers list
COMMONSENSE By Marichu A. Villanueva (The Philippine Star) | Updated April 17, 2013 - 12:00am


[T]he journalist in me took the opportunity to tease Zobel why he and his older brother, Jaime Augusto Zóbel de Ayala (Jaza for short) were not in the top 500 highest taxpayers in 2011 in the list of the Bureau of Internal Revenue (BIR).

“Many execs have substitute filing. The companies withhold the taxes from the individuals and then file and pay directly with the BIR. That top 500 list is only based on people who file comprehensive tax forms directly,” Zobel pointed out. “That’s why there are so many names missing. The bulk of their taxes are withheld and paid directly,” he cited.

Zobel is the president and chief operating officer of Ayala Corporation, the holding company of the Ayala group. He is also chairman of Ayala Land, the Philippines’ largest real estate firm and its only complete line property developer. Jaza, on the other hand, is chief executive officer of Ayala Corporation, while his father, Jaime Zóbel de Ayala, was president until 1994 and currently holds the title of chairman.

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hubag bohol

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Re: Top 10 Individual Taxpayers for 2013
« Reply #4 on: April 17, 2013, 11:08:40 AM »
And to better explain the matter, Zobel emailed to me an article “Taxing matters” written by Romeo L. Bernardo that was published in BusinessWorld on Dec. 20, 2010. “He (Bernardo) explains the issues very clearly,” Zobel texted. I will just reprint pertinent portions of that article that questions the rationale of the BIR list of top taxpayers. Bernardo wrote:

“The Bureau of Internal Revenue has posted in its Web page the list of its top 500 individual taxpayers. It is unclear to me what public purpose is achieved by posting such a list. What is clear is that it may have caused unfair and unnecessary unease for both those on and out of the list.

“For those on the list, continuing public Web page access to the information is cause for worry that this provides easy reference for every donation seeker, scam artist, or even worse.

“Those affluent but absent were not spared, for most undeservedly, as the list provided fodder for gratuitous speculation. One broadsheet asked provocatively in its front page why this or that prominent top executive or businessman was not on the large taxpayers list; as did at least one priest’s Sunday sermon I heard about.

“There can be several reasons why one who is rich or earning well may not appear on the list, none having anything to do with lack of fidelity in paying one’s taxes. For many top executives, the company withholds and pays their individual income taxes directly to the BIR under a procedure known as substituted filing. Provided the individual has only that single source of still taxable income, he does not need to file an income tax return. These substituted filings were likely not captured by the BIR’s top 500 list.

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hubag bohol

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Re: Top 10 Individual Taxpayers for 2013
« Reply #5 on: April 17, 2013, 11:09:11 AM »
Then there are cases of individuals who have incorporated their business, such that the income is earned by the corporation, which then pays the appropriate corporate income taxes. Additionally, the dividend income the individual derives from the corporation is levied a final tax collected at source. There is no requirement that this be subject of an individual income tax filing.

“This is true as well for those whose income is passive, i.e., derived primarily from interest and dividends, which are imposed final taxes withheld at source. These are not captured in BIR’s top 500.

“These limitations in the data were not adequately explained by the BIR, either in their post or in public pronouncements. Thus rather than shaming tax evaders which may have been the object of the top 500 exercise, the issuance of such a list without qualification may have just provoked people to unfairly rail against those prominently known but absent from the list but who are already in BIR’s tax net and faithfully paying their taxes.”

“One has to question the wisdom of continuing with such a list, which achieves no apparent public purpose, but just puts listed large individual taxpayers at risk from criminal elements, and unlisted law-abiding ones at risk of unfair shaming by the uninformed. If the BIR insists on continuing with this practice, the least it can do is to remove the amount of taxes paid in the interest of safety of the taxpayer and his family.

“For my part, I truly doubt that the large tax evaders and smugglers, who are completely outside the tax agencies’ data base as they do not issue receipts or file returns, can be shamed into paying proper taxes. The current leadership truly needs to break away from the past practice of simply hunting in the zoo and go after voracious wildlife — not an easy tax at all.”


8)

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hubag bohol

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Re: Top 10 Individual Taxpayers for 2013
« Reply #6 on: April 17, 2013, 11:12:15 AM »
haaay, salamat wa ko maapil sa lista, hihihi. ;D

Taks ibidir, ay... :P

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fdaray

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Re: Top 10 Individual Taxpayers for 2013
« Reply #7 on: April 17, 2013, 11:23:51 AM »
Wla man lagi maapil si Lucio Tan, mga Ayala, Henry Sy, Manny  Villar,

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islander

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Re: Top 10 Individual Taxpayers for 2013
« Reply #8 on: April 17, 2013, 11:37:07 AM »
duda ko nga kaning mga bigtime rich nga nanganlan ni sir fd separate and ilang corporate taxes, way labot sa personal income tax.

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islander

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Re: Top 10 Individual Taxpayers for 2013
« Reply #9 on: April 17, 2013, 11:38:26 AM »
wa lagi sa top ten si sharon cuneta.  i heard before nga siya ang top nga income earner sa entertainment media.

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Republic Act 8485 (Animal Welfare Act of 1998, Philippines), as amended and strengthened by House  Bill 6893 of 2013--- violation means a maximum of P250,000 fine with a corresponding three-year jail term and a minimum of P30,000 fine and six months imprisonment

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hubag bohol

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Re: Top 10 Individual Taxpayers for 2013
« Reply #10 on: April 17, 2013, 11:43:42 AM »
wa lagi sa top ten si sharon cuneta.  i heard before nga siya ang top nga income earner sa entertainment media.

Apil si Sharon sa Top Ten among celebs, not sa overall...

Kris Aquino (Kristina Bernadette Cojuangco Aquino) - P49.8 million
Solenn Heussaff (Cynthia Marie Adea Heussaff) - P7.79 million
Derek Ramsay (Derek Arthur Paggao Ramsay) - P7.07 million
Piolo Pascual (Piolo Jose Nonato Pascual) - P6.98 million
Kim Chiu (Kimberley Sue Yap Chiu) - P6.71 million
Manny Pacquiao (Emmanuel Dapidran Pacquiao) - P6.10 million
Willy Revillame (Wilfredo Revillame) - P5.85 million
Ogie Alcasid (Herminio Lualhati Alcasid, Jr.) - P5.8 million
Sharon Cuneta (Sharon Cuneta Pangilinan) - P5.7 million
Ryan Agoncillo (Kristoffer Lou Ryan Agoncillo) - P5.59 million

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islander

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Re: Top 10 Individual Taxpayers for 2013
« Reply #11 on: April 17, 2013, 12:04:20 PM »
i see.  goodness me.  lupig siya ni derek ramsay?  libog gihapon ko.  does this mean she's no longer that viable, or her tax lawyer is just so good?

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Republic Act 8485 (Animal Welfare Act of 1998, Philippines), as amended and strengthened by House  Bill 6893 of 2013--- violation means a maximum of P250,000 fine with a corresponding three-year jail term and a minimum of P30,000 fine and six months imprisonment

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islander

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Re: Top 10 Individual Taxpayers for 2013
« Reply #12 on: April 17, 2013, 12:04:40 PM »
nalibog sad ko aning third placer nga senior diplomat nga si lauro baja jr.  (he's been writing pieces on diplomacy lately, so i did my research.) 

first, senior tuod siya, being already in his early 70s, pero di na siya diplomat.  he is retired.  front page news intawon ni siya sa middle east sa una kay gikiha ug household helper who claimed she paid the baja couple $5k to get to the u.s. with them and find a job as a nurse, and was paid only $100 a month as their household help, the only one in their 4-storey manhattan residence (Marichu Baoanan vs. Lauro Baja, New York, 2008).

he may then have businesses or consultative jobs (like being consultant on foreign affairs to manny villar) because he couldn't have income enough to pay for such mind-boggling taxes just by being a diplomat, retired or not.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=72002.0
Republic Act 8485 (Animal Welfare Act of 1998, Philippines), as amended and strengthened by House  Bill 6893 of 2013--- violation means a maximum of P250,000 fine with a corresponding three-year jail term and a minimum of P30,000 fine and six months imprisonment

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hubag bohol

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Re: Top 10 Individual Taxpayers for 2013
« Reply #13 on: April 20, 2013, 08:07:00 AM »
first, senior tuod siya, being already in his early 70s, pero di na siya diplomat.  he is retired.  front page news intawon ni siya sa middle east sa una kay gikiha ug household helper who claimed she paid the baja couple $5k to get to the u.s. with them and find a job as a nurse, and was paid only $100 a month as their household help, the only one in their 4-storey manhattan residence (Marichu Baoanan vs. Lauro Baja, New York, 2008).

Bitin man ta ani nga info... :P

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