Philippine gov’t to wage war on POGO tax evaders

After waging war on drugs and gambling, the Philippine government has a new target. The Philippines’ finance department has organized an inter-agency task force that will look into Philippine offshore gaming operations (POGOs), where they suspect foreigners avoid paying yearly income taxes worth PHP22b ($420m). This amount will be sourced from more than 100,000 foreign workers employed by 200 operators. The move can potentially shock the gambling industry in the short term as foreigners may be deterred from working in the Philippines but will provide a competitive playing field in the long run.
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Philippine gambling task force goes after tax evading foreigners
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The Story

After waging war on drugs and gambling, the Philippine government has a new target. The Philippines’ finance department has organized an inter-agency task force that will look into Philippine offshore gaming operations (POGOs), where they suspect foreigners avoid paying yearly income taxes worth PHP22b ($420m). This amount will be sourced from more than 100,000 foreign workers employed by 200 operators. The move can potentially shock the gambling industry in the short term as foreigners may be deterred from working in the Philippines but will provide a competitive playing field in the long run.

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