Not only do our taxes disproportionately burden the poor and benefit the rich, but they also yield too little revenue given the distortions they create. Needless to say, both problems need to be resolved soon.
The Department of Finance wants to raise taxes on tobacco and alcohol, as well as sweetened beverages
'We expect to continue this growth trajectory but with a difference from the previous administration because we will be reducing poverty rates,' says Finance Secretary Carlos Dominguez III
President Rodrigo Duterte met with some senators on Monday night and supposedly showed them the new list of politicians allegedly linked to drugs
The reforms, which include lowering both income tax and corporate tax, follow suggestions from outgoing Finance Secretary Purisima
While two presidential candidates promise outright tax exemptions, economists say a comprehensive overhaul is more sustainable and feasible
Increasing excise tax in gasoline plus taking advantage of the current oil price drop could help the country raise revenues for infrastructure spending
The United Nations appoints the Bureau of Internal Revenue chief as one of the 25 tax experts and senior tax administrators for its Committee of International Cooperation in Tax Matters