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THE BUREAU OF INTERNAL REVENUE (BIR) says it will investigate leads from the interactive database that reveals names of people from more than 170 countries, including the Philippines, associated with secret offshore tax havens released today by the International Consortium of Investigative Journalists (ICIJ) based in Washington, DC.
The ICIJ Offshore Leaks Database allows users to search for owners, officers and other parties linked to some 120,000 secret companies, trusts and funds created in offshore locales such as the British Virgin Islands, Cayman Islands, Cook Islands and Singapore, the ICIJ announced in a statement. The database came from a hard disk containing 2.5 million files on secret offshore entities in more than a dozen tax havens leaked to the ICIJ last year.
NINE SENATORIAL candidates and one party-list group in the recently concluded elections would have breached the airtime limit for political ads on TV had it not been for a crucial order from the Supreme Court regarding a new rule being imposed by the Commission on Elections (Comelec). One of those nine candidates would have also surpassed the campaign-spending limit.
Seven of the nine actually won in the May 13, 2013 midterm elections. Meanwhile, Buhay, the party-list group that eventually garnered the most number of votes among party-list groups, is poised to occupy three seats in the House of Representatives.