General Information Sheet is an annual document submitted to the SEC that contains

information about a company’s corporate profile such as type of corporation, date of

registration, date of annual meeting, principal office address, stockholder information,
name of external auditor and other related information.

SEC is mandated by the Corporation Code and the Securities Regulation Code to
regulate corporate sector. Thus, SEC collects from incorporators, stockholders,
directors, trustees, officers, beneficial owners, external auditor, notary public,
personal information such as but not limited to full name, signature, nationality, sex,
address, accreditation number, roll of attorney number and taxpayer information
number. Some of the information is acquired through the submitted and filed General
Information Sheet (GIS) forms and related paper documents.

It is a glaring absurdity to pretend, that taxation contributes to national

wealth, by engrossing part of the national produce, and enriches the nation
by consuming part of its wealth.[2]
Taxation is the transfer of a portion of the national products from the hands
of individuals to those of the government, for the purpose of meeting public
consumption or expenditure. Whatever be the denomination it bears,
whether tax, contribution, duty, excise, custom, aid, subsidy, grant, or free
gift, it is virtually a burden imposed upon individuals, either in a separate or
corporate character, by the ruling power for the time being, for the purpose
of supplying the consumption it may think proper to make at their expense;
in short, an impost, in the literal sense.[3]