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Archive

April 29, 2014

TAX EVASION has always been a major problem in any taxing jurisdiction. With the rising expenses to maintain the order of things in our society, the taxman cannot allow revenue to slip because of tax evasion. Hence, like its counterparts abroad, our Department of Finance issues from time to time measures intended to ensure effective tax enforcement and prevent and curtail tax evasion. On March... Read More

April 22, 2014

THIS was essentially the question presented before the United States Supreme Court in the case of Association for Molecular Pathology v. Myriad Genetics, Inc. (569 US 12-398). Myriad Genetics claimed to have invented the isolation of BRCA1 and BRCA2 genes. These genes are believed to be related to ovarian and breast cancers. Myriad Genetics, Inc. applied for patent protection and was eventually... Read More

April 15, 2014

YOU have a brilliant business idea, but you do not have the funding. Then there is the investor, wanting to invest in an idea, yet he does not know what.  If only you have a way to meet each other...  You do. Imagine a portal similar to Kickstarter and SoMoLend. Post your brilliant business idea, pictures showing your prototype, implementation plans, and funding requirements. Offer... Read More

April 10, 2014

On Oct. 22, 2013, the Financial Rehabilitation (FR) rules of procedure went into effect. The FR rules were promulgated by the Supreme Court to implement the Financial Rehabilitation and Insolvency Act of 2010 (Fria). Fria replaced our more than century-old Insolvency Act of 1909. Not known to many, the Fria and FR rules contain several provisions that are envisioned to help develop our... Read More