One of the best things about the POGOS is that they create employment. A lot of Filipinos get a good salary in order to make this industry grow, which is the god part. Sen Joel Villanueva had a lot to say about the POGOS recently. He pointed out that there is great imbalance that is being created by hiring mostly foreigners.
It is estimated that 80 percent of the jobs are taken by foreigners. Figures posted in December of 2019 by the Philippine Amusement and Gambling Corporation indicate that locals make up 17.7 percent of all POGOS employees while the rest come from outside the Philippines. These are just the official numbers, and the senator believes it’s worse if they cast light in the black market.
Excluding baseless speculation, the figure as it stands indicates there is a big problem. Event with the current employment imbalance, there is bigger issue at hand that the senator has not talked about. Each POGOS operations generates a demand for services that locals fill.
Other than the most obviously demand that is created in the real estate sector, jobs come up in the restaurants, banks, laundry service and a few others that would not exist without the POGOs. They do not pay that well, but they give locals things to do for a small income.
However, while employing mostly foreigners may or might not be an issue, tax evasion is very wrong. During a recent senate meeting that was held on the 11th of February, Sixto Dy Jr., attorney of the bureau of Internal Revenue stated that none of the POGOs employees are remitting taxes. Currently, they have built up a tax debt of about $990 million.
Philippines’ PAGCOR stated it would look into this matter, while Dy added that they would conduct thorough audits.