Finance Officials Urge Passing of Full Tax Reform Proposal

Finance officials warn that passing only parts of the proposed tax reform package might negatively tip the fiscal balance. They note that legislators are open to populist moves like the cutting of tax rates, but opposed to offsetting measures like new levies designed to lead to a net increase in revenues. They hope to thresh out matters when President Rodrigo Duterte meets with congress leaders to map out priority legislation for the year…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.