While Sy, the family patriarch
While Sy, the family patriarch, is the chairman of the board of SMIC, he changed into not the various agency’s highest-paid executives. However, because the founding father of the SM organization, he become not to be denied a place some of the government’s pinnacle contributors to the general public coffers..
Since 1960, Sy Sr. Has been a member of SMIC’s 8-person board, in keeping with a organisation submitting.
Due Diligencer’s take
Two of the Philippines’ richest tycoons are the topics of nowadays’s piece, which stated their contributions to the BIR’s tax collections.
Never thoughts if part or some of their tax remittances ended up someplace else including at the House of Representatives, which a few it not all its members bear in mind as their one of a kind country.
Didn’t those legislators recognize that they were elected to pass legal guidelines and no longer prison their political enemies and trouble press releases to fulfill their egos? They have to realize that taxes are paid to improve public provider and now not every body else’s wallet.
The Gokongweis, the Sys and other wealthy families pay taxes no longer to assist shenanigans in government. Their contributions to the financial system can not be underestimated. Not handiest do they pay taxes on profits earned with the aid of their organizations however also provide jobs for plenty Filipinos.
Perhaps, some agencies financially help some politicians or are compelled with the aid of few elected corrupt officers to finance their elections. Their agencies’ monetary filings for those listed on the Philippine Stock Exchange do no longer include information of political contributions.
Should indexed organizations be required to additionally make a complete disclosure in their contributions either to political parties or man or woman politicians? Just asking.
Since 1960, Sy Sr. Has been a member of SMIC’s 8-person board, in keeping with a organisation submitting.
Due Diligencer’s take
Two of the Philippines’ richest tycoons are the topics of nowadays’s piece, which stated their contributions to the BIR’s tax collections.
Never thoughts if part or some of their tax remittances ended up someplace else including at the House of Representatives, which a few it not all its members bear in mind as their one of a kind country.
Didn’t those legislators recognize that they were elected to pass legal guidelines and no longer prison their political enemies and trouble press releases to fulfill their egos? They have to realize that taxes are paid to improve public provider and now not every body else’s wallet.
The Gokongweis, the Sys and other wealthy families pay taxes no longer to assist shenanigans in government. Their contributions to the financial system can not be underestimated. Not handiest do they pay taxes on profits earned with the aid of their organizations however also provide jobs for plenty Filipinos.
Perhaps, some agencies financially help some politicians or are compelled with the aid of few elected corrupt officers to finance their elections. Their agencies’ monetary filings for those listed on the Philippine Stock Exchange do no longer include information of political contributions.
Should indexed organizations be required to additionally make a complete disclosure in their contributions either to political parties or man or woman politicians? Just asking.
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