The yakuza, Japan’s organized-crime syndicates that have reaped billions from activities ranging from extortion to human trafficking, are finding their ranks decimated by authorities employing methods similar to those used to jail Al Capone: going after their money.
The Philippines’ Bureau of Internal Revenue collected 87.93 billion pesos in August, the agency said in an emailed statement today. The agency missed its collection goal for the month by 4.63 percent, the government said in its Twitter page.
Rizal Commercial Banking Corp. said it asked a Philippine court yesterday to review a government order that seeks to impose a 20 percent tax on bonds sold in 2001 that were supposed to be exempt from the levy.
Filipinos investing in the local property market with money earned overseas helped make the peso Asia’s best-performing currency of 2012, even as a global economic slump sapped demand for riskier assets.