RESEARCH PAPER ON MAKATI CITY ORDINANCE NO. 2001-108

MAKATI Mayor Jejomar Binay has found a novel way to document and tax the considerable underground income of landlords and property owners within the country's premiere city. This is through Makati City Ordinance No. 2001-108 which was passed by the city’s council on December 6, 2001. From the Whereasses, it seems that the ordinance was in reaction to the observation (it was not mentioned in the ordinance who made that observation) that most lessors and sublessors in Makati City fail and/or refuse to pay the lessors’ tax in accordance with the Makati Revenue Code. Though many speculates that it was a by-product of Binay’s need to raise revenues over allegations that the new, imposing City Hall that Binay built has exceeded the original cost estimate by a mile.

Members of city’s council, led by Vice Mayor & Presiding Officer Ernesto Mercado, believe that the new Makati ordinance, which aims to widen the city's tax base, would flush out previously undocumented real estate ...