NGO wary of immediate corporate income tax cuts

ABS-CBN News

Posted at Aug 31 2019 05:33 PM

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A non-government group cautions against the planned immediate reduction of corporate income tax that is included in the proposed Corporate Income Tax and Incentive Rationalization Act (CITIRA) bill. Karla Yu of Action for Economic Reforms says the government has to first assess whether or not it could afford the planned reduction even as the country's economic status is due to change in the next few years. She also urges Philippine lawmakers to expedite budget deliberations to speed up the rollout of the government's infrastructure projects.