THE Supreme Court (SC) has ruled in favor of Robinsons Convenience Stores, Inc., dismissing a petition by the Commissioner of Internal Revenue (CIR) and barringTHE Supreme Court (SC) has ruled in favor of Robinsons Convenience Stores, Inc., dismissing a petition by the Commissioner of Internal Revenue (CIR) and barring
SC blocks P3.58-B tax collection vs Robinsons Convenience Stores
THE Supreme Court (SC) has ruled in favor of Robinsons Convenience Stores, Inc., dismissing a petition by the Commissioner of Internal Revenue (CIR) and barring the government from collecting P3.58 billion in alleged deficiency taxes for the 2010 taxable year.
In a decision promulgated on Aug. 27, 2025, and made public on Jan. 8, the high court’s Third Division found no grave abuse of discretion on the part of the Court of Tax Appeals (CTA), which had earlier halted the Bureau of Internal Revenue (BIR) from enforcing collection measures against the retailer.
The SC said the tax assessments were void and could no longer be enforced.
The court noted that most assessments were issued beyond the prescriptive period, and all were invalid because the revenue officers conducting the audit lacked proper authority. These defects, the SC ruled, rendered the assessments “patently illegal.”
The tax dispute traces back to a 2010 audit of Robinsons’ accounts, during which the BIR assessed the retailer for income tax, VAT, expanded withholding tax, and withholding tax on compensation, totaling P3,583,693,014.79, including surcharges and interest.
Because the assessments were void, the Supreme Court upheld the CTA’s decision to suspend tax collection without requiring Robinsons to post a bond, rejecting the CIR’s argument that a bond was mandatory.
“The Court finds no grave abuse of discretion on the part of the CTA Division,” the ruling said.
The tribunal also noted that even assuming the assessments were valid, the BIR’s right to collect through summary remedies had already expired. The warrant of distraint and levy was issued after the government’s five-year collection period had lapsed, making it void for lack of legal basis. — Erika Mae P. Sinaking
Market Opportunity
Siacoin Price(SC)
$0.001631
$0.001631$0.001631
USD
Siacoin (SC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Trump credit card rate cap has unclear path, ‘devastating’ risks
The post Trump credit card rate cap has unclear path, ‘devastating’ risks appeared on BitcoinEthereumNews.com. (L-R) Wells Fargo CEO and President Charles Scharf
Share
BitcoinEthereumNews2026/01/12 21:53
Tesla (TSLA) Stock: Billionaire Fund Manager Exits Palantir, Loads Up on Tesla
TLDR Millennium Management sold 91% of Palantir holdings, added 311,000 Tesla shares in Q3. Palantir trades at 110x sales vs AppLovin’s 38x, the second-highest
Share
Blockonomi2026/01/12 21:59
Crucial Fed Rate Cut: October Probability Surges to 94%
BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25