House ways and means committee chair and Albay Rep. Joey Salceda is pushing to slap a franchise tax on “e-sabong” to institutionalize cockfighting, an industry which is currently informal hence generating “suboptimal” revenues for the government.
In a presentation, Salceda said slapping a 5-percent franchise tax based on gross gaming receipts, net of agents’ commissions, coupled with shifting to digital betting would allow transparency while shoring up the government’s tax revenue collection.
Salceda noted that at present, the state-run Philippine Amusement and Gaming Corp. (Pagcor) charges e-sabong operations with a regulatory fee amounting to only P12,500 per fight or P75 million…
Keep on reading: Franchise tax on ‘e-sabong’ pushed