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This document provides background details regarding a tax dispute between the Philippine National Oil Company (PNOC), the Philippine National Bank (PNB), and a private citizen named Tirso B. Savellano. It summarizes that Savellano informed tax authorities that PNB failed to withhold taxes on interest earned by PNOC, resulting in a tax assessment. PNOC and the Bureau of Internal Revenue agreed to a compromise settlement for 30% of the assessed taxes. However, Savellano argued he was owed informer

Author

Joann Saballero Hamili

Language

EN