May mean those who transfer money there will have to declare it and prove where it came from?
Many Ex pats and ofws may wanna keep an eye on what happens I bet.
The word tax co operation was mentioned.....
http://www.gov.ph/news/?i=24097
Also may effect remittances possibly is that taxable or possible likely to become taxable or open to more checks and paperwork?
At present if you send money over with certain companies they have very little to go on for large amounts.
One company I have used and sent big sumes with as no idea who i am all they have is a email address and what i say
is my name/the wifes name and those receieving the dosh.
