Categorie: Funds
Submitted 3 months ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
RP government stands to earn P5.8 billion windfall tax from the P58.1 billion in cash dividends of three telcos service providers to be paid out to their shareholders next month. Windfall profit tax is a tax on profits that ensure from a sudden windfal gain. This tax will, in addition to the normal corporate tax, be payable by the business/industry on its profits.PLDT, Globe and Piltel announced one after the other that they would pay a total of P29.8 billion in cash dividends to their shareholders. That is on top of the combined P28.3 billion paid by PLDT and Globe to their shareholders last summer. PLDT gave out a total of P23.4 billion in dividends at a rate of P124 per share on Aril 21. Globe paid a total of P4.9 billion in dividends at a rate of P37.50 per share on March 13. PLDT is the parent firm of both Smart Communications Inc. and Piltel, which have 32.2 million in combined cellular subscribers as of end June 2008. Globe is the country's second largest cellular operator. with a total of 22.7 million subscribers as of end June 2008.PLDT, Globe and Piltel are all publicly traded companies whose common shares maybe freely bought and sold through the Philippine Stock Exchange. Good to know that this solid gains of the telcos industry will flow through government and then back to the people and this extra revenues can be used to support vital social programs or subsidized impoverished families.<...
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Submitted 3 months ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
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