tag:blogger.com,1999:blog-36171389.post5175327382651057204..comments2024-01-31T09:32:06.510-08:00Comments on UNDERTOW / Leslie Bocobo: Leslie Bocobohttp://www.blogger.com/profile/01220724889092808040noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-36171389.post-26606681267763556162012-12-23T16:23:33.446-08:002012-12-23T16:23:33.446-08:00We're ordinary citizens trying to help the Bur...We're ordinary citizens trying to help the Bureau of Internal Revenue reach its P1 Trillion Revenue target.<br /><br />We recently came across data showing that Cosmetique Asia Silka Papaya has deceptively hidden its real net sales since 2008.<br /><br />The data has been culled from Silka Papaya's own financial statements as well as from a reputable market research firm.<br /><br />The first red flags indicating Silka Papaya was evading taxes were clearly visible in its financial statements where it recorded <a href="http://silka-papaya-tax-evader.blogspot.com/2012/12/product-sales-monitoring-firm-says.html" rel="nofollow">unusually high net sales growth</a>.<br /><br /><a href="http://silka-papaya-tax-evader.blogspot.com/2012/12/silka-papaya-net-sales-growth-90-percent-per-year-sign-of-tax-evasion.html" rel="nofollow">Silka Papaya's Net Sales Growth was far above and weirdly consistent when compared to the sales growth of other firms</a> -- with no evidence showing market expansion or market share contraction in other firms.<br /><br /><a href="http://silka-papaya-tax-evader.blogspot.com/2012/12/silka-papaya-pads-its-cost-of-sales.html" rel="nofollow">Its cost of sales was also suspect as it was suspiciously high.</a><br /><br />This especially evident when <a href="http://silka-papaya-tax-evader.blogspot.com/2012/12/comparing-cosmetique-asia-silka-papayas.html" rel="nofollow">compared with the sales growth of other firms.</a><br /><br />Moreover, we compared Silka Papaya's sales as stated in its Financial Statements and its sales as reflected in data from a market research firm. This comparison revealed that <a href="http://silka-papaya-tax-evader.blogspot.com/2012/12/the-silka-papaya-tax-evasion-scandal.html" rel="nofollow">Silka Papaya has cheated the government out of more than P700 million to possibly P2 Billion in unpaid taxes.</a>Anonymoushttps://www.blogger.com/profile/07043007892487375619noreply@blogger.com