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An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [1] In general, S corporations do not pay any income taxes.
Aside from enforcing the country’s corporation and securities laws, the SEC acts either as a lead or as a support agency in administering and enforcing the following related laws: Ease of Doing Business and Efficient Government Service Delivery Act of 2018 (RA No.11032) Anti-Money Laundering Act of 2001 (RA No.10365), as amended
The Philippines ranks relatively low in its employed worker-to-GDP ratio with only $8,260 [5] which hints about the country's productivity issues. Nevertheless, this GDP per employed worker has been growing by an average of 3% over the last decade.
Historical marker installed in 2008 at the SSS head office in Quezon City. President Manuel Roxas, to give relief to the people who were facing difficulties in the post-war period, called on the legislators to create a social security program in his State of the Nation Address in January 1948 but he died without passing the bill.
LT Group, Inc. (LTG) is a Philippine publicly listed holding company headquartered in Bonifacio Global City, Taguig. It was founded in 1937 by Chinese Filipino business tycoon Lucio Tan . LT Group, Inc. is majority-owned by Tangent Holdings Corporation, its ultimate parent company (also controlled by Tan).
Producers Savings Bank Corporation (PSBC), commonly know as Producers Bank is a thrift bank in the Philippines based in Ortigas Center, Pasig City. Established on November 27, 1995 , in San Jose City, Nueva Ecija , the bank has expanded its presence across the country.
Calata Corporation was ordered to be delisted by the Philippine Stock Exchange on November 3, 2017 for violations of PSE Disclosure and Delisting Rules. [6] [7] [8] [9]On April 14, 2015, the Bureau of Internal Revenue filed a case against Joseph Calata for failure to supply correct and accurate information in his annual income tax return for 2011 with a tax liability of ₱144.49 million. [10]
Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. [2] UnionBank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System. It started operations in 1981 and became a commercial bank on January ...