The chairman of the House Committee on Ways and Means on Thursday asked the Bureau of Internal Revenue (BIR) for an explanation on the canceled Megaworld Corp. closure order.
THE chairman of the House Committee on Ways and Means on Thursday asked the Bureau of Internal Revenue for an explanation on the canceled Megaworld Corp. closure order.
“It creates the impression that the BIR will twist your hand if you don’t agree with it; and businesses that are smaller than Megaworld will get the wrong signal. If they can do that to a big elephant, what can they do to smaller businesses?” he said. According to the lawmaker, tax authorities need to be more transparent, more professional and more by-the-book about the tax system and instruments of enforcement.
“We need revenues, for sure and we need to punish businesses that refuse to pay taxes correctly. But a closure order on the basis of a protest over jurisdiction seems overboard,” he said. “So, as the Congressional committee chair overseeing tax enforcement, I just want answers.”
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