Well, not exactly like the old amnesty. The Bureau of Internal Revenue (BIR) has extended, until 22 December 2006, the “One-Time Administrative Abatement” of all penalties/surcharges and interest on all delinquent accounts and assessments. The guidelines are spelled out in Revenue Regulation 15-2006. We will discuss this later at the Forum.

Credit card fraud is present in our country, although its prevalence is subject to debate. In the cases I’ve handled, a SINGLE fraudulent transaction amounted to millions of pesos. A newly-created task force addresses the dilemma of whether a credit card company, which oftentimes absorbs the loss, should spend more money in prosecuting a fraudulent [...]

Some people still have this misplaced confidence in the deterrent effect of Batas Pambansa (BP) Blg. 22, also known as the Bouncing Checks Law (full text here). Here are some things a layman should know:

A sucker is born every second. You’ve heard of the “Nigerian Scam”. If not, it usually goes like this: “a supposedly wealthy foreigner (usually from Africa) is seeking assistance in getting his money — in millions of dollars — stashed away in a bank. This wealthy foreigner could be a member of the monarchy, a [...]