Bloomberg News

Philippines Not Changing Bond Tax Rules Mid-Way, Purisima Says

October 27, 2011

Oct. 27 (Bloomberg) -- The Philippines isn’t changing rules “in the middle of the game” by imposing a 20 percent tax on interest earnings on so-called PEACe bonds that fell due on Oct. 18, Finance Secretary Cesar Purisima said in a forum today in Manila. A ruling on that had been issued in 2004, he said.

To contact the reporter on this story: Max Estayo in Manila at mestayo@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


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