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Article: Arroyo orders speedy release of wealth-tax funds to LGUs.(Regional)
- Article from:
- Manila Bulletin
- Article date:
- August 30, 2009
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BAGUIO CITY — President Arroyo ordered here over the weekend concerned government agencies to remit immediately to the host communities their shares in the national wealth tax paid by companies exploiting, utilizing, and developing natural resources.In ordering the fast release of the tax shares, the President was responding to a request by Baguio City Rep. Mauricio G. Domogan to Malacanang to prod the Senate to pass a counterpart measure mandating companies exploiting, utilizing and developing the resources to directly remit to the host local governments their 40 percent share in national wealth tax.The 60 percent is given to the national coffers.In her directive to ...