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Social media for tax evaders

01 September 2010

A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com

Source: www.facebook.com

Social media for tax evaders

Tax Relief has no friends and so has no need for social media sites such as Facebook and Twitter.

This is not the case for everyone though. The Philippines government has begun using the popular sites to track down individuals involved in tax evasion. President Benigno Aquino has turned to the internet to boost his campaign to eliminate tax cheats and raise government revenues.

It seemed that honest, tax-paying citizens were growing increasingly frustrated with friends and colleagues avoiding tax and so began incriminating their friends for the whole world to see by posting information on the president's Facebook page.

Kim Henares, Philippines Internal Revenue Commissioner, is now looking into more than 100 allegations of tax evasion. Her aim is to boost tax revenue to 15% of GDP within a year after it fell to 12.8% last year from a record...



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Or read it online here: http://t.co/YfynyIzbkg

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