PUBLIC traders allow the very rich households that control most of the country’s wealth through their agencies to list their stocks on the Philippine Stock Exchange. As a general rule, their participation within the listed shares’ possession is confined to commonplace shares. No one out of doors the Securities and Exchange Commission knows how this sort of possession participation maintains to manifest.
Even the PSE management could now not provide an explanation for how conglomerates are the use of the general public as a tool in saving taxes. Have those units not been indexed, they could have been paying 25 percentage of marketplace value instead of one half of of 1 percent. That’s a large distinction that doesn’t need any computation.
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