Thoughts on taxation

It turns out that the proposed 50 percent tax on content creators attributed to Senate President Tito Sotto was fake.

- By BILL VELASCO

Unfortunately, this was discovered after some impulsive readers had already taken hammer and tongs to the good senator’s name. The perpetrator of this misinformation obviously did not think this through. It is a convoluted and complicated issue, one which may never be untangled.

Firstly, there is the issue of jurisdiction. What is Filipino content? Does this refer to content generated in the Philippines, paid out in the Philippines, or created by Filipino citizens? Is it considered Filipino content if you are a Filipino living and earning outside the country?