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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
中南财经政法大学教授,计算机科学与技术专业工学博士,复旦大学理论...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任快钱支付清算信息有限...
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上传时间: 2020-02-14      浏览次数:194次
IMF wants tax evaders also charged for money laundering

https://www.cnnphilippines.com/news/2020/2/13/IMF-tax-evasion-money-laundering.html

 

Metro Manila (CNN Philippines, February 13) — The Philippines should also charge tax evaders with money laundering to tighten its watch against ill-gotten wealth, the International Monetary Fund (IMF) said.

 

In its recent health check on the nation's economy, the global authority said the Philippine government can further strengthen controls on money laundering by adding tax evasion to the list of predicate crimes related to illegal fund transactions.

 

Money laundering involves wealth secured through illegal means, but went through a different process or channel to make the accumulation of wealth legitimate.

 

Other unlawful activities linked to money laundering include kidnap-for-ransom, drug trafficking, plunder, robbery, piracy, smuggling, and terrorism financing, to name a few. When these crimes are committed, those charged could also face money laundering raps.

 

The Duterte administration repeatedly vows to go after individuals and companies who have not been paying the right taxes to the state, as it also hopes to raise revenue collections to fund various government projects.

 

The Anti-Money Laundering Council (AMLC), the Bangko Sentral ng Pilipinas, and even President Rodrigo Duterte have called on Congress to pass a bill that would lift the restrictive bank deposits secrecy law which have been in place for decades.

 

This crackdown should come alongside easing rules on deposit secrecy, which prohibit even government regulators from peering into bank accounts to check if an account holder's money is more than what they declare to make.

 

"Relaxing the stringent banking secrecy law and establishing a robust beneficial ownership registry would not only support the AMLC’s efforts but also help in fighting tax evasion and corruption," the IMF said.

 

Meanwhile, the multilateral lender said that tax reform would be crucial in funding more public projects.

 

"The pending bill to streamline and improve the oversight and design of current extensive tax incentive regime, currently being discussed in Congress, would make the regime more accountable and effective in encouraging business investment, job creation, and development," the body said, noting that additional taxes on alcoholic drinks and e-cigarettes would further raise revenues.

 

"Tax reform will be essential for sustaining higher spending in support of longer-term growth while safeguarding fiscal sustainability," it added.