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Incidentally, as chairman emeritus of JG

Incidentally, as chairman emeritus of JG Summit Holdings Inc., Gokongwei turned into the various five highest-paid executives of the protecting business enterprise. In 2016, JG Summit paid Gokongwei and 4 other participants of his own family P140,818,127, divided into salaries, P136,831,377; bonuses, P3.2 million; and others, P786,750. This year, it said it'd boom the organization’s pays and perks to P148.191 million together with salaries, P144,204,250; bonuses, P3.2 million; and others, P786,750. Sy, the patriarch Businessman Henry Sy Sr. Is chairman of the board of SM Investments Corp. (SMIC). He is also honorary chairman of China Banking Corp. And chairman emeritus of BDO Unibank Inc. In taxable year 2014, the older Sy paid income tax of P25,676,936 which landed him at No. 54 inside the BIR’s listing of top 500 taxpayers. However, Sy Jr. Beat his old guy within the rating by way of paying profits tax of P26,261,504. As a family of eight taxpayers, the Sys paid the BIR P174,935...

BUSINESSMAN John Gokongwe

BUSINESSMAN John Gokongwei Jr. And his son, Lance, have been most of the Philippines’ 500 top earnings taxpayers for taxable year 2014, consistent with a listing released through the Bureau of Internal Revenue (BIR) through its website. The father landed at No. 159 and Lance at No. 218. The BIR attributed an income tax payment of P14,302,132 to John, the daddy, and P11,823,378 to Lance. Like its different reports in previous years, it ignored a sixth column in its table, which must have informed the general public the premise of BIR’s tax price computations. To offer the readers of The Manila Times how BIR arrived at the tax payments of the 2 Gokongweis, Due Diligencer did some computations based on BIR’s components. The effects showed the older Gokongwei’s taxable income at P44,803,537. Lance’s taxable income, then again, amounted to P37,057,431. Due Diligencer’s computations are simplest tentative and meant to illustrate to our readers how the BIR ought to have pop out with the desk...