Stories tagged
‘mikey arroyo’

Why the taxman cometh after Mikey Arroyo

Rising fortunes, falling taxes

by Karol Anne M. Ilagan

Anyone who has earned more, acquired more, sold more, and inherited more should have paid the lawful and correct amounts of taxes that the government, by its sovereign right and duty, levies on any number of so-called “tax incidents” or taxable transactions on all citizens.

And anyone – not least of them lawmakers who had sworn to uphold and enforce the laws – who fails to file tax returns, with the correct amounts and within deadline, is certain to send the Bureau of Internal Revenue (BIR) on an investigation into exactly what that individual has reported, or not reported.

Read more… | Posted Sunday, April 10th, 2011
Sidebar

The finances of Mikey & Angela Arroyo

by Karol Anne M. Ilagan

UNLIKE the security guards he is supposed to represent, Rep. Juan Miguel ‘Mikey’ Arroyo of Ang Galing Pinoy is one of the wealthiest members of the 15th Congress. His fortune flourished during the same years of his mother’s presidency – from P5.72 million in 2001 to P101.35 million in 2009.

Read more… | Posted Sunday, April 10th, 2011
The net-worth method vs the Arroyos

How to track, crack tax cases

by Malou Mangahas

HE WAS one of the biggest guns in the Chicago crime scene, but for the longest time U.S. mobster Alfonse ‘Scarface’ Capone was practically untouchable by the authorities. And when he was finally sent to the slammer, the offense he was found guilty of committing had nothing to do with murder or mulcting money.

In the end, it took the U.S. Treasury Department to nail Capone, and it did so through a simple audit of his fabulous expenditures that led to the filing of tax evasion charges against him, his brother Ralph ‘Bottles’ Capone, Jake ‘Greasy Thumb’ Guzik, Frank Nitti, and other mobsters.

Read more… | Posted Thursday, April 7th, 2011