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Thursday, November 3, 2011

The PEACe Bonds Controversy Explained

For those of you who find my previous post, "Revisiting the PEACe Bonds",  too long to read, you can now watch the cute and cuddly Pawz Bears give a concise explanation of what the PEACe Bonds controversy is all about.

For the sake of brevity, I left out explanations of the implications of the eligibilities and sweeteners that CODE-NGO/RCBC actively sought for the PEACe Bonds.  These have been discussed in my previous post, "Revisiting the PEACe Bonds", and elsewhere on other blogs and news websites.  I have also left out discussions of the controversial decision of the Bureau of Internal Revenue to belatedly impose a 20% Final Withholding Tax on the PEACe Bonds.  This has also been discussed in a previous post, "A Tax on the PEACe Bonds - Who is Left Holding the Bag?", as well as elsewhere on the web.

To watch the video, click on the video link below.

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