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Campaign contributions and the tax implications

THE Philippines was described as a politics-crazy country in one article I encountered last week. I must admit to being fond of politics, too, as I was actually in one campaign sortie last week when the campaign period for the national elections kicked off on February 8.

It is said that death and taxes are inevitable and needless to say, taxes have a relation with elections as well. Below are some key points that will be useful to fellow accountants and corporate management personnel.