Philippine tax reforms come with risks, Moody's says | ABS-CBN
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Philippine tax reforms come with risks, Moody's says
Philippine tax reforms come with risks, Moody's says
ABS-CBN News
Published Aug 29, 2016 05:40 PM PHT
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MANILA - Tax reforms proposed by the Duterte administration come with risks, said Christian de Guzman, vice president and senior sovereign credit officer at Moody's Investors Service on Monday.
MANILA - Tax reforms proposed by the Duterte administration come with risks, said Christian de Guzman, vice president and senior sovereign credit officer at Moody's Investors Service on Monday.
"Just because you lower taxes doesn't mean that taxpayers are likely to comply more with those existing tax laws and pay the lower rates," de Guzman told ANC's "Market Edge with Cathy Yang."
"Just because you lower taxes doesn't mean that taxpayers are likely to comply more with those existing tax laws and pay the lower rates," de Guzman told ANC's "Market Edge with Cathy Yang."
Finance Secretary Sonny Dominguez said government will submit four tax reform packages to Congress in September to focus on lowering personal and corporate income tax rates as well as lowering estate and donor's tax rates. -- ANC Market Edge, August 29, 2016
Finance Secretary Sonny Dominguez said government will submit four tax reform packages to Congress in September to focus on lowering personal and corporate income tax rates as well as lowering estate and donor's tax rates. -- ANC Market Edge, August 29, 2016
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