He said the city is shortchanged by P150 thousand a month in terms of business taxes.
The city’s tax code in consonance with the Local Government Code mandates that the former can charge up to 1 percent of the gross sales of a business establishment.
“If you base tax on the computation of 10 cash register machines multiplied by P50,000 a day multiplied by 30 days and multiplied it with the 1% business tax then that would be a staggering P150 thousand a month tax fraud against a city,” he told me in whisper.
He said this happens only through the conspiracy of the store owner, the office of the mayor, and the office of the assessor.
(Send comments to firstname.lastname@example.org)