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Based on the March 2022 Labor Force Survey of the Philippine Statistics Authority, there are more than 17 million informal workers, including tiangge, ambulant and street vendors, plus over 1.3 million sari-sari stores that remain unregistered with the Bureau of Internal Revenue (BIR). Generally, they fall under the category of micro enterprises. However, under Revenue Regulation No. 11-2000, self-employed individuals with annual gross sales not exceeding P100,000 are classified as marginal income earners. While they may also apply for Barangay Micro Business Enterprises (BMBE) certification to avail of income tax exemption, they are exempted from: P500 annual registration fee; maintaining books of accounts and submitting audited financial statements; issuing official receipts; 12 percent value added tax (VAT) or 3 percent business (percentage) tax; and expanded withholding tax. Should we increase the income threshold to encourage the informal sector to register with BIR? The … [Read more...] about Tax challenges and opportunities for the new administration

A. Muh. Ibnu Aqil (The Jakarta Post) PREMIUM Jakarta   ● Mon, August 8 2022 Activists have condemned police treatment of protests against the Komodo ticket-price hike, saying that it shows the government has responded with repression to criticism against the Labuan Bajo development that disenfranchised local residents and the tourism industry. On Aug. 1, the government increased the ticket price to Komodo and Padar Islands of the Komodo National Park to Rp 3.75 million (US$251), from the previous ticket price of around Rp 200,000. The move was intended to limit the number of visitors to protect the Komodo habitat, with a study by the Komodo National Park Agency recommending ideal yearly visitor numbers of 219,000 for Komodo Island and 39,420 for Padar Island. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions … [Read more...] about Activists condemn ‘repressive’ treatment of Komodo Island ticket-price-hike protests

Share to Twitter Share to Linkedin This is part two of a series focusing on cognitive dysfunction and inflammation. The first article can be read here . For additional writings on inflammation and Covid-19, please see my website: www. williamhaseltine.com Although inflammation is a common feature of many infections, viral and otherwise, SARS-CoV-2 elicits a particularly intense inflammatory response. Exactly why remains unclear. What is becoming increasingly clear, on the other hand, is that much of the damage associated with Covid-19 can be traced back to this hyperinflammation. This holds true both in the short term, during acute infection, as well as the long term, during Long Covid, or Post-Acute Sequelae of SARS CoV-2 infection (PASC). Cognitive impairments such as “brain fog”, difficulty concentrating, and poor short-term memory make up some of the more worrying Long Covid symptoms. Often, these are severe enough to interfere with daily … [Read more...] about Even Mild Covid-19 May Cause Lasting Brain Fog (Part 1)

Share to Twitter Share to Linkedin The high costs of cancer drugs impact patients negatively. In fact, the out-of-pocket cost burden can be “ financially toxic ” to patients, causing personal bankruptcy or simply take a substantial bite out of people’s discretionary income. Should the Inflation Reduction Act pass later this month, the imposition of a $2,000 cap on Medicare beneficiary out-of-pocket spending on outpatient drugs would address the issue of financial toxicity to some degree, at least for one segment (Medicare) of the market. Currently, 1.5 million medicare beneficiaries pay more than $2,000 out-of-pocket for prescription drugs, while 1.3 million spend more than $7,000. Many of these Medicare beneficiaries are cancer patients. High patient out-of-pocket costs aren’t just a reflection of a poorly designed Medicare prescription drug benefit. More generally, they also reflect a market for cancer drugs which doesn’t function optimally. … [Read more...] about U.S. Prescription Drug Pricing Doesn’t Favor The Patient: Case Of Sub-Optimal Market For Cancer Pharmaceuticals