Tuesday, December 4, 2012

SBMA’s Structure was Flawed From Day One

Featured comment from a reader about the post New SBMA Fees
They are saying that they get nothing out of the 5% tax collected for the BIR/Local barangays. What were they thinking when they set this up? How were they able to operate for 20 years under a setup of no incoming revenue for upkeep?
A simple solution would be to add another 1% in tax for the SBMA overhead that is applicable to the current 5% base. That way, the cost would be passed on to the consumer. It would still be half the current VAT (12%) that is applied outside the Economic zones.

No comments:

Post a Comment

All comments are posted anonymously. We don't care who you are, we just care about what you have to say. But let's keep it civil. No slander. Talk about issues, not individuals. No racism. Cool it on the profanity. Like Sinatra said, "You don't need to work blue. You'll never play the big houses with that crap."