Philippine restaurants ranked by tax adherence

Boracay restaurantThe Philippine government has put out a unique ratings guide for restaurants in a variation of the famous Michelin restaurant guide. Restaurant are no longer rated by the quality of their menu but ranked by taxes they pay.

The rating system is part of a government drive to bolster its coffers and make it less reliant on debt to finance its operations.

“The goal of this campaign is to increase transparency on tax payments and to encourage the people to be conscientious in paying the right taxes,” the presidential palace said in a statement. It added the ratings guide would be updated every week and published in major newspapers and on the government finance department’s website.

The last edition published on October 9  showed that local franchises of international fast food chains, as well as a leading Filipino fried chicken chain, Max’s Restaurant, had paid the highest taxes among the country’s restaurants.

President Benigno Aquino, who won the 2010 election on an anti-corruption platform, has vowed to put the finances of the perennially cash-strapped government in order. The government has launched a highly publicised campaign against tax cheats, including celebrities and professionals.

Congress under Aquino’s watch also passed laws sharply raising “sin taxes” on cigarettes and alcohol, in a bid to raise up to $800 million dollars in revenues in 2013.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

The Philippine government has put out a unique ratings guide for restaurants in a variation of the famous Michelin restaurant guide. Restaurant are no longer rated by the quality of their menu but ranked by taxes they pay. The rating system is part of a government drive to bolster its coffers and make it less reliant on debt to finance its operations. “The goal of this campaign is to increase transparency on tax payments and to encourage the people to be conscientious in paying the right taxes,” the presidential palace said in a statement. It added the ratings guide would...

Boracay restaurantThe Philippine government has put out a unique ratings guide for restaurants in a variation of the famous Michelin restaurant guide. Restaurant are no longer rated by the quality of their menu but ranked by taxes they pay.

The rating system is part of a government drive to bolster its coffers and make it less reliant on debt to finance its operations.

“The goal of this campaign is to increase transparency on tax payments and to encourage the people to be conscientious in paying the right taxes,” the presidential palace said in a statement. It added the ratings guide would be updated every week and published in major newspapers and on the government finance department’s website.

The last edition published on October 9  showed that local franchises of international fast food chains, as well as a leading Filipino fried chicken chain, Max’s Restaurant, had paid the highest taxes among the country’s restaurants.

President Benigno Aquino, who won the 2010 election on an anti-corruption platform, has vowed to put the finances of the perennially cash-strapped government in order. The government has launched a highly publicised campaign against tax cheats, including celebrities and professionals.

Congress under Aquino’s watch also passed laws sharply raising “sin taxes” on cigarettes and alcohol, in a bid to raise up to $800 million dollars in revenues in 2013.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply