The American Chamber of Commerce of the Philippines (AmCham) has joined the long list of prominent organizations from various sectors that have expressed their support for the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), saying that it passes its criteria of being highly progressive, consumption-based, and providing incentives for people to work, save and invest.
Read MorePresident Rodrigo Duterte’s bold initiatives to “disturb the status quo” one year into his presidency are in pursuit of his campaign promises to make economic growth inclusive for all Filipinos and decentralize power from so-called “imperial Manila” to the regions and countryside, the Department of Finance (DOF) said in a statement.
Read MoreFinance Secretary Carlos Dominguez III said Thursday night the Philippines has reached the “make-or-break point” in its economic emergence, with the Comprehensive Tax Reform Program (CTRP) being pushed by the Duterte administration in the Congress setting the stage for the country to join the elite club of the world’s fast-growing, high-income economies one generation from now.
Read MoreA Cabinet-level delegation led by Finance Secretary Carlos Dominguez III and other members of the economic team will visit China on September 27-29 to pitch the Philippines’ planned renminbi-dominated Panda bond offering and the rosy prospects for investments under the country’s fast-growing economy.
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