MANILA, Philippines --- About half of Philippine offshore gaming operators (POGOs) have left the country due to higher taxes imposed by Republic Act No. 11590, the Philippine Amusement and Gaming Corp. (Pagcor) admitted to lawmakers on Tuesday. During the hearing of the House of Representatives' committee on appropriations about Pagcor's revenues, Camarines Sur Second District Rep. LRay Villafuerte asked Pagcor officials about POGO tax issues. "When the law, R.A. 11590 was passed, the media hype was the government will have higher revenues. My question is --- and answer me directly: Did the revenue increase when the law was passed? Honestly now," Villafuerte said. "The figur...
Keep on reading: POGOs leaving PH due to spike in taxes, Pagcor admits
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Keep on reading: POGOs leaving PH due to spike in taxes, Pagcor admits
from INQUIRER.net https://ift.tt/kWxBUyh
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