Villanueva: Taxing POGOs? Social Ills Brought By Offshore Gaming Has No Price Tag

Villanueva: Taxing POGOs? Social Ills Brought By Offshore Gaming Has No Price Tag

Spotlight

PAGEONE Group CEO Included As Expert In The Social Media Trends 2021 Global Report

PAGEONE Group CEO Ron F. Jabal, APR included as one of the industry experts in the Social Media Trends 2021 Global Report by Talkwalker and Hubspot.

Transport Coop. Provides More Than 25k Free ‘Green Cards’ For Cashless Transactions

A transport cooperative operating in Las Piñas provides 25,735 passengers with the means to safely board and ride their solar electric jeepneys along the route of Alabang to Zapote.

The Importance Of Deepening Ties And Friendship On Online English Education

51Talk hosts the 2020 Sino-Philippines Educational Exchanges in celebration of the 45th anniversary of the founding of bilateral relations between the Philippines and China.

DBP Backs Public Transport Sector Recovery

DBP is working closely with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) in finding financial solutions to aid the country's transportation sector due to the difficulties presented by the pandemic.

Senator Joel Villanueva described the overtaxation concern on Philippine offshore gaming operations (POGO) as unfounded, saying its poor regulation has contributed to mounting social concerns such as rising property prices and increase in criminality and illegal activity.

In a statement, Villanueva expressed support for the move to impose taxes on this particular sector of the gaming industry, which has seen unhampered growth in the past three years.

“Halos tatlong taon po ang lumipas bago napapayag ng ating pamahalaan na magbayad ng tamang buwis ang mga POGO. Hindi na po natin mababalik ang nawalang pagkakataon para kumulekta ng buwis,” Villanueva pointed out. “Kaya po suportado natin ang hakbang na magpasa ng batas na maglalagay na malinaw na panuntunan sa pagpataw ng buwis sa mga POGO upang maging klaro ang interpretasyon sa ating tax code.”

“How can we put a price on this sector’s impact on the rising social concerns such as the growing property prices and increase in crimes, among other issues?” added Villanueva, who chairs the Senate Committee on Labor, Employment, and Human Resources Development. “No amount of money can reverse the impact of social ills that this sector has brought on our shores.”

Villanueva explained that the benefits of the POGO sector are minimal at best because of its limited impact to the economy.

The sector has shown preference to hire foreigners, rather than locals, primarily because these offshore firms’ main clientele are mainland Chinese nationals. On the other hand, the real estate sector has been recording brisk demand for office space and residential lease because of POGOs as well.

“If the property boom is the only economic benefit we can cite attribute to POGOs, then it is only right that we should impose more taxes on it. It is not only making our workers worse off by making rent prices higher and office space more expensive, it is also driving the cost of business operations higher as well, to the detriment of local entrepreneurs,” said the senator.

The lax regulation of the sector could also be a breeding ground for illegal activity such as money laundering because bets are placed online, far from the reach of regulators such as the Anti-Money Laundering Council which monitors the occurrence of the illicit activity.

He called on the Philippine Amusement and Gaming Corp. to exercise its regulatory mandate to keep POGO firms in check, instead of being “passive as the case has been in the past years.” (senate.gov.ph)
Photo Credit: facebook.com/joelvillanueva.org

Coursera Now Offers Campus Free Pricing Options And Academic Integrity Upgrades

Coursera expands its reach by offering free versions of Coursera for Campus and upgrading features to address the critical and long-term needs of higher education worldwide.

Max’s Celebrates 75 Years Of Sarap-To-The-Bones

Cheers to 75 years, Max's Restaurant! Celebrate this milestone with the special deals they're offering!

N. Samar Readies Over 14K Food Packs For Villages Under ECQ

Northern Samar prepares food packs for families affected by enhanced community quarantine in Catarman.

DBP Backs Public Transport Sector Recovery

DBP is working closely with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) in finding financial solutions to aid the country's transportation sector due to the difficulties presented by the pandemic.

DOH Cites Ways To Avoid ‘Quarantine Fatigue’

Fed up with the cabin fever? Here are some ways on how you can cope with it:

Manila Churches Ready To Accept More Attendees

Catholic churches in Manila are ready to accept more churchgoers as the city government approved an increase in the number of people that would be allowed to attend religious gatherings.

MMFF Partners With Streaming Services, Premieres Online

This year, MMFF can be seen in the comfort of your home as it goes online!

Zamboanga City Records 52 HIV Cases

The City Health Office of Zamboanga has recorded 52 HIV cases since January this year.

DOH Tags 18 COVID Hotspots In Eastern Visayas

Eighteen areas in Eastern Visayas have been tagged as COVID hotspots due to its rise of active cases in the past two weeks.

Gatchalian Sounds Alarm On Low Teacher Licensure Exam Results

Gatchalian sounds the alarm on the low passing rates of the Licensure Examination for Teachers as he reiterates the need to improve the quality of teacher education and training in the country.