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Experts: chacha not needed to boost economy sports

Date: 2024-05-17 19:25:41 | Author: BingoPlus Games | Views: 384 | Tag: sports

Cebu City Mayor Michael Rama wants the fair market value in the revised real property tax (RPT) ordinance to reflect the current rate, despite calls from businessmen to stagger its implementation sports “Pass the law, and we can discuss the implementing rules after,” Rama said over Cebu City Hall’s online program “Ingna’ng Mayor” on Thursday, Feb sports 29, 2024 sports As the mayor of the City of Cebu, Rama said he wants it approved sports On Tuesday, Feb sports 27, Rama urged the City Council to pass the ordinance pertaining to the revised RPT before the end of this month sports However, City Councilor Noel Eleuterio Wenceslao, chairman of the committee on budget and finance, said he still needs to meet the other councilors to discuss the matter and reach a consensus sports Wenceslao said jumping to final deliberations without having the stance of the majority might simply defer the ordinance sports In his point of view as a lawyer, Rama argued that implementing rules may be deferred within reasonable time to allow those affected to adjust their operational and financial management sports “But let the fair market value already be back to what it is at the current time,” Rama said sports Rama found it unfair that property owners have enjoyed paying taxes based on the value 20 years ago sports The RPT Code of Cebu City was last revised in 2002 sports “Ang yuta bayran na unta (The tax paid on real estate should be) on the present value,” Rama said sports He said it is the rich’s corporate social responsibility to share by paying the right amount of taxes sports ReactionOn Saturday, Cebu Chamber of Commerce and Industry (CCCI) president Jay Yuvallos said they are proactively working with the mayor, his team and the City Council on this sports On the matter of the fair market valuation, he said they hope that it will reflect a truthful and realistic value sports “Certainly not based on speculation (bloated), a reflection of a fair value will also protect the land owner,” he said sports He said the mayor has also intimated that the implementation will be on a staggered basis sports “What is important and the clamor of everyone is that the increase will be gradual so that it becomes affordable sports This is subject to a more thorough discussion when we get there,” he said, adding: “We also take cognizance of the fact that they need revenues to finance projects which we also want to see very soon, especially infrastructure projects that can significantly impact the lives of every Cebuano sports ”Yuvallos said the goal of the chamber is to help its members and the business community in general to expand and grow business sports “This will in effect widen the tax base (not only RPT) as a source of revenue for the City sports We will work with the City on the ‘Ease of Doing Business’ and helping promote a Business-Friendly Cebu City as what the mayor wanted to espouse,” he said sports He said the CCCI will introduce programs that will encourage expansion and investments into the city and promote global competitiveness of the enterprises in Cebu sports Proposed ordinanceUnder the proposed ordinance, the formula for deriving the total tax due as explained during the public hearing Friday is getting first the market value of the property sports This can be determined by multiplying the land area by the fair market value (FMV) sports Skyrocketing taxesAfterwards, the market value will be multiplied by the assessment level, which will generate the assessed value sports Then, the assessed value will be multiplied by the three percent tax rate sports The result is the total tax due sports For instance, a 1,493-square-meter commercial property in the Cebu IT Park with a current tax due of P26,874 will have a tax due of P895,800 once the updated tax ordinance gets implemented sports Similarly, a portion of Cebu Business Park under the jurisdiction of Barangay Hipodromo will see its FMV shoot up to P245,000 from P16,300 per square meter, significantly affecting the RPT that Ayala Land will have to cough up if the measure is approved sports In the proposed RPT ordinance, the market value of properties in some prime locations in Cebu City is expected to increase from 200 to 3,200 percent sports Mayor Rama urged the passage of the RPT Code in order to raise funds to realize the objectives of his administration like the Gubat sa Baha (War against Flooding) and other projects like the transitional housing that will house the families affected by the clearing of three-meter easement zones sports On Cebu City Hall’s online program “Pagtuki, Pagsusi, Pagsuta” on Wednesday, Feb sports 28, City Budget Officer Jerone Castillo said P600 million is intended for the design and construction of 600 transitional housing units for the first phase of the project sports The P600 million is one of the items in the first supplemental budget that the executive department has requested the council to approve this year sports Other items include budget allocations for the Palarong Pambansa, Charter day bonus, and adjustments for the City Council sports sports

CHARGES of child abuse and human trafficking have been filed against embattled Kingdom of Jesus Christ (KJC) founder and leader Pastor Apollo Quiboloy and five others, the Department of Justice (DOJ) announced on Tuesday, March 19, 2024 sports In a statement, the DOJ said charges of qualified human trafficking was filed against Quiboloy before a Pasig court, while complaints for violation of Section 5(b) of Republic Act 7610, or the Special Protection of Children Against Abuse, Exploitation, and Discrimination Act, and under Section 10(a) of the same act were filed before a Davao court sports Quiboloy’s co-respondents in both cases were Jackielyn W sports Roy, Cresente Canada, Paulene Canada, Ingrid C sports Canada, and Sylvia Cemane sports No bail was recommended in relation to the human trafficking case, while the bail was set at P180,000 for sexual assault and P80,000 for maltreatment sports “The Department of Justice is dedicated to the enforcement of our laws and the protection of our children from exploitation and abuse,” Justice Secretary Jesus Crispin Remulla said sports “This case underscores our commitment to hold accountable those who would harm our society's most vulnerable sports Let this serve as a reminder that no individual, regardless of their position, is above the law,” he added sports The filing of complaints came the same day the Senate issued an arrest order against Quiboloy for his continuous refusal to attend the inquiry being conducted by the Committee on Women, Children, Family Relations and Gender Equality over the alleged crimes he committed within the religious organization sports In an order dated March 1, Central District of California Judge Terry Hatter Jr sports directed the unsealing of the arrest warrants against Quiboloy over charges of conspiracy to engage in sex trafficking by force, fraud, coercion, sex trafficking of children, conspiracy, and cash smuggling sports (TPM/SunStar Philippines) sports Top 10 Sports in the Philippines - BingoPlus Games

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