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FREE TEXTING . . . FOR ALL? |
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Sunday, 15 June 2008 |
Pilar Braga priviledge speech on government move to make texting free.
Telecoms companies have been raking in billions in profit because they no longer pay the 3 percent franchise tax on gross receipts and are no longer subjected to the 12 percent cap in terms of income, based on return of investments (ROI).
2008-09-01Instead they are required to pay the 12 percent expanded value added tax which they conveniently pass-on to their consumers.
The move by the government to make texting free is a welcome respite from the almost weekly increase of the price of crude oil and basic commodities.
Complete Priviledge Speech Info... |
