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8 banks ask SC to stop gov’t from withholding tax on PEACe Bonds

By Interaksyon.com

EIGHT banks on Monday asked the Supreme Court to stop the government from imposing a 20-percent final withholding tax on P35 billion worth of the controversial Poverty Eradication and Alleviation Certificates (PEACe) government bonds, which will mature on Tuesday, October 18. (Read the full report here)