ESTRELLA MARTINEZ: That partly explains why, she said in a paper given to the Inquirer, "in all my 32 years as a tax collector, I have never encountered a govt official declare his dollar deposits in his SALN." "As dollar deposit cannot be declared as assets in the SALN because this will not affect his net worth." "it is of judicial notice that increase in net worth is taxable under Section 24 of the Tax Code, because net worth comprises such acquisition in 'peso' only."
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