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Philippines

A Handful of Tax Havens Turn a Corner

8 April 2009

Who said those tax havens don’t care what the rest of the world thinks about them? Apparently, some do. Four countries were removed from the “black list” and placed on the “grey list” – the creativity of those financial minds is breathtaking, is it not? – after committing to international standards on bank information disclosure. [...]

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More Money to Buy Shoes!

14 June 2007

No doubt Imela Marcos is sleeping peacefully tonight, dreaming of Prada and Fendi shoes… A Philippine court has acquitted her on five counts of tax evasion filed 16 years ago. Marcos allegedly failed to file a tax return and to pay $730 US in income taxes for 1985. But more seriously, she was accused of [...]

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