G20 Blacklists RP's TAX Haven

The G20 countries blacklisted the Philippines among 4 countries that hesitates to comply with sharing tax information to the international community. This banking secrecy and tax havens have led the global financial crisis to worsen by hiding the true value of some global assets, providing corrupt officials a place to stash illicit funds thus depriving poorer nations of much needed money for their growth and development.

What could this mean for us? No more secret Jose Velarde accounts in the Cayman Islands and no more hiding from tax hounds. PGMA, goddess of corruption, please pray for us!

Ouch! Seer, we may need to cover our tracks L. Our world bank cannot suffer... We cannot be SSEENN paying taxes for the bags that we purchased abroad.. haha..


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