Emmanuel P. Bonoan is the Vice Chairman and Chief Operating Officer of KPMG R.G. Manabat & Co., the Philippine member firm of KPMG International. He is a former Undersecretary of the Philippine Department of Finance and exercised oversight functions over the Bureau of Internal Revenue and the customs authority. His key accomplishments in government include introducing anti-corruption and anti-tax evasion programs that, to this day, are recognized as effective deterrence mechanisms. For his work, he was awarded in 2004 the prestigious Ten Outstanding Young Men (TOYM) in the category of Public Service. Presently, Mr. Bonoan advises large multinational companies and trade organizations on tax strategies and represents clients before the revenue agencies, especially on high-level issues. He has also worked with industry associations such as the Bankers Association of the Philippines and the Philippine Association of Multinational and Regional Operating Headquarters to ensure that revenue regulations impact them in a constructive way. His clients include, among others, two large financial institutions, one large independent power producer, three large petroleum companies, and several multinationals in the food and beverage industry. He also advises on trade and customs matters. It is also noteworthy that KPMG in the Philippines has been consistently named as a Tier 1 tax practice, National Transfer Pricing Firm of the Year in the Philippines, Tier 1 transfer pricing practice and as Tier 1 leading tax transactional firm by the International Tax Review.