Monday January 22 , 2018

2016 BDB Law Mid-Year Tax Forum

BDB Law celebrated its 7th Anniversary by bringing together experts and thought leaders in an afternoon of lively and intellectual discussion of the current developments in taxation, both regional and national, during its mid-year tax forum themed, National and Regional taxation: Insights and Foresights held at the Dusit Hotel last July 28, 2016. This was attended by more than 200 executives, tax experts, business leaders, government officials, regulators, and policymakers.

The first segment Philippine Tax Reforms in the Winds of Change (Deciphering the Signals) presented the foresights and insights of the speakers on the new administration’s tax reform agenda. Hon. Romero Frederico “Miro” S. Quimbo, Deputy Speaker of the House of Representatives gave a glimpse of what will be expected from Congress (a 25% reduction in both corporate and personal income tax); Mr. Joselito Armovit, a Tax Policy and Tax Administration Advisor of DAI Global, gave an economist’s perspective of matching revenue losses with revenue measures; Atty. Benedicta Du-Baladad laid down the business sector view, our current tax system being complicated, unfair and costly; and Atty. Benedict Tugonon, President of the Tax Management Association of the Philippines (TMAP), for the practitioner’s woes. This segment was moderated by Mr. Romeo Bernardo, the President and Managing Director of Lazaro, Bernardo Tiu/RL Bernardo & Associates.

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Hon. Romero Frederico “Miro” S. Quimbo, Deputy Speaker of the House of Representatives, who provided the participants with a glimpse of the legislative initiatives.

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Mr. Joselito Armovit, Tax Policy and Tax Administration Advisor of DAI Global, who introduced the participants to the recent trends in tax reform.

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BDB Law Managing Partner, Atty. Benedicta Du-Baladad, who is also the current chair of the Tax Committee of PCCI, discussed Philippine tax reforms from the perspective of the business sector.

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Mr. Benedict Tugonon, President of the Tax Management Association of the Philippines (TMAP), who provided the participants with the practitioner’s perspective.

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During the open forum, the panel of experts discussed their insights on the new administration’s call for change to initiate and implement a genuine, comprehensive tax reform program. From left to right, Mr. Benedict Tugonon, President of the Tax Management Association of the Philippines (TMAP), Hon. Romero Frederico “Miro” S. Quimbo, Deputy Speaker of the House of Representatives, Mr. Romeo Bernardo, the President and Managing Director of Lazaro, Bernardo Tiu/RL Bernardo & Associates, the moderator of this segment, Atty. Benedicta Du-Baladad, BDB Law’s own managing partner and the current chair of the Tax Committee of PCCI and Mr. Joselito Armovit, Tax Policy and Tax Administration Advisor of DAI Global.

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Mr. Margarito Teves, the former secretary of the Department of Finance, posed questions during the open forum in the first segment “Philippine Tax Reforms in the Winds of Change”.

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Our honored guest speakers and moderator in the segment entitled “Philippine Tax Reforms in the Winds of Change.  (from left to right):  Mr. Benedict Tugonon, Hon. Romero Frederico “Miro” S. Quimbo, Atty. Benedicta Du-Baladad, Mr. Romeo Bernardo and Mr. Joselito Armovit.

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