A STABLE and credible tax system is the backbone of any modern economy. For businesses, predictability, transparency and integrity in tax administration are not optional. In the Philippines, however, concerns over perceived irregularities in tax audits, particularly those involving the issuance and enforcement of letters of authority (LOAs), have reignited long-standing calls for deep reforms within the Bureau of Internal Revenue (BIR).   These concerns have reached the halls of the Senate....

FOR a long time, accountants were known mainly for bookkeeping, auditing, and tax compliance — keeping records accurate, preparing...

THE Supreme Court recently handed down a landmark ruling affirming the authority of the Securities and Exchange Commission (SEC) to...