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News and Events

(Look) Are Congress Members Getting Richer and Richer Over the Years?

The average net worth of House of Representatives members almost doubled in the last six years

Most Filipinos have the impression that members of the Philippine House of Representatives (HOR) belong to the well-to-do classes if only because there are less than a handful of congressmen and women who are not millionaires.When a summary of the House members’ ...

by Pauline Macaraeg  | August 07, 2018 03:00:00
News and Events

Guess What Happens to Your Personal Income Tax Dues Under the Newly Approved Senate Tax Bill

A comparison of the estimated impact on personal income tax rates of the House and Senate tax proposals

In his press release announcing the Senate’s approval of the legislative body’s version of the tax reform package on November 28, the bill’s principal author Senator Sonny Angara said it was the biggest tax relief to be granted the country’s workers.The Senate ...

by Entrepreneur Staff  | November 29, 2017 07:00:00
News and Events

Business-Owning Families Top List of Richest Congress Members

Many are members of families with substantial interests in large business enterprises

Eight of the top 10 richest members of Congress are owners, executives or members of families that control some of the country’s largest companies, Entrepreneur Philippines has found.We looked at the newly released summary of the 2016 statements of assets, liabilities and ...

by Pauline Macaraeg  | August 11, 2017 07:00:00