About this document
Supreme Court Ruling on Tax Dispute by Trebx Sanchez de Guzman is a document available to read on EtoBox.
The Supreme Court of the Philippines ruled that El Monte de Piedad y Caja de Ahrorros de Manila (defendant) is subject to internal revenue taxes on its banking activities. While the defendant claimed exemption as a savings bank, the Court found it operates as a for-profit bank, with profits belonging to the institution rather than depositors. Prior failures to collect taxes did not establish the defendant
- Author
- Trebx Sanchez de Guzman
- Language
- EN