ABS-CBN News | Latest Philippine Headlines, Breaking News,#Video, Analysis, Features: "from a report by Lynda Jumilla, ABS-CBN News
Posted at 11/16/2011 9:52 PM | Updated as of 11/16/2011 9:52 PM
MANILA, Philippines - Malacañang versus the Supreme Court. This is the battle being expected after the Justice Department defied a court order that allows the Arroyos to leave the country.
But even before Tuesday night's drama, the executive department had already ignored a temporary restraining order (TRO) on the 20 percent final withholding tax on the so-called PEACe bonds.
The Office of the Solicitor General (OSG) said the tax could no longer be stopped since the P5 billion had already been remitted to the Bureau of Internal Revenue before they received the TRO from the high court."
Read full story
Posted at 11/16/2011 9:52 PM | Updated as of 11/16/2011 9:52 PM
MANILA, Philippines - Malacañang versus the Supreme Court. This is the battle being expected after the Justice Department defied a court order that allows the Arroyos to leave the country.
But even before Tuesday night's drama, the executive department had already ignored a temporary restraining order (TRO) on the 20 percent final withholding tax on the so-called PEACe bonds.
The Office of the Solicitor General (OSG) said the tax could no longer be stopped since the P5 billion had already been remitted to the Bureau of Internal Revenue before they received the TRO from the high court."
Read full story
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