SAM Founder Wants Filipino-Owned Businesses To Become Beneficial To Filipinos
The founder of Smart Asset Managers (SAM) wants to help his fellow Filipinos to become financially independent and also to create opportunities to boost the local economy. With this in mind, he eyes that all FILIPINO-OWNED businesses should be beneficial to Filipinos.
Philippine-born Australia-based SAM founder and entrepreneur Rommel Santos said that his company, is a subscription-based firm that aims to revert to the conventional method of entrepreneurial journey through sharing economy. This means that he also pushes for the creation of a cooperative wherein every subscriber will automatically become a member of a coop.
It is written under Republic Act 6939, the law that created the Cooperative Development Authority (CDA), …… the State shall recognize cooperatives as associations organized for the economic and social betterment of their members, operating business enterprises based on mutual aid, and founded upon internationally accepted cooperative principles and practices.”
It is in this premise that Santos wants SAM subscribers covered by a cooperative. “I want Filipinos to benefit from whatever profit SAM will gain,” he says. For now, a subscriber of 300USDT gets rewarded of up to 15% monthly distributed daily to his SAM E-wallet account. It entails pre-development capital raising.
With a subscriber’s coop membership, he then has the sense of ownership and will have a say on what the coop must do and in which direction will they go. He also wants Filipinos to have additional income opportunity and this will help boost the local economy and the government through taxes in which will help the country to bounce back.
Although SAM is registered in Melbourne, Australia, it is planning to have a grand launch in the country after settling all the requirements and formalities with the Philippine government.
Santos says that Smart Asset Managers Project Developments (SAMPD), wants to disrupt a long-going business practice of some foreign companies operating in the Philippines “where they write off or deduct their taxes by bringing out money from the Philippines to avoid paying appropriate local taxes.”
“This should not be the case. Let the benefit go where it should,” he explains. “We are not after any tax holidays, tax breaks or tax reliefs.” Santos has long announced that he wanted to contribute in bringing positive changes to Filipinos’ financial state and also to help the government gain more revenues.
He sees this plans and initiatives to help Filipinos and also the Philippines to have a better and beautiful tomorrow.
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