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Celebrity Taxes

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We can be certain of two things; death and taxes. And any celebrities still kicking in the Phillipines better get ready to pay up.

Revenue officials in the Phillipines are cracking down on tax evasion and they're starting with the islands high rollers. Officials are hoping this will set an example to the rest of the public who idolize everyone in show biz. Officials say movie and pop stars in the Phillipines are always held in high regard with many of them being elected to office.

Tax Commisioner Kim Henares says it's easier to tell if celebrities are reporting their earnings. All you need to do is check out the TV, billboards and magazines. Tax officials will target anyone who pops up in the spotlight under the assumption they are bringing in a lot of extra revenue.  read more »