Tax uncertainty may force more foreign funds to relocate: German chamber


Posted at Jul 24 2019 04:15 PM

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Foreign investors in the Philippines warn the removal of incentives in economic zones may force investors to move elsewhere in Southeast Asia, notwithstanding cheap labor in the Philippines. Bodo Goerlich, Vice President and Chairman for Dual Training at the German-Philippine Chamber of Commerce Industry says the uncertainty over the second round of tax reforms is keeping German investors from setting up shop here.