After waging war on drugs and gambling, the Philippine government has a new target. The Philippines’ finance department has organized an inter-agency task force that will look into Philippine offshore gaming operations (POGOs), where they suspect foreigners avoid paying yearly income taxes worth PHP22b ($420m). This amount will be sourced from more than 100,000 foreign workers employed by 200 operators. The move can potentially shock the gambling industry in the short term as foreigners may be deterred from working in the Philippines but will provide a competitive playing field in the long run.
|
|
|
|
|
The Story
After waging war on drugs and gambling, the Philippine government has a new target. The Philippines’ finance department has organized an inter-agency task force that will look into Philippine offshore gaming operations (POGOs), where they suspect foreigners avoid paying yearly income taxes worth PHP22b ($420m). This amount will be sourced from more than 100,000 foreign workers employed by 200 operators. The move can potentially shock the gambling industry in the short term as foreigners may be deterred from working in the Philippines but will provide a competitive playing field in the long run.
|
|
|
|
|
|
|
|
PAGCOR President and COO Alfredo Lim joined CalvinAyre.com’s Stephanie Tower to talk about the recent successes of the corporation and how they adapt to the evolving regulatory environment.
|
|
|
|
|
|
|
|
The four suspects lured investors using their own crypto, the CashCoin, in what could be the biggest crypto scam the country has ever seen so far.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Red Tiger’s portfolio, which includes hit titles Thor’s Lightning and Pirates’ Plenty, will be made available to players of the gamification-focused website.
|
|
|
|
|
Congratulations to Marty Mathis for winning the partypoker MILLIONS South America Main Event! Mathis defeated Bruno Volkmann after a heads-up battle for the title and $873,700 in prize money. |
|
|
|
|
|
A somebody is a nobody who wanted to and did.
