The departments of finance (DOF) and justice (DOJ) would work on speeding up the resolution of the 635 pending tax and smuggling cases amounting to a combined P103 billion in collectibles and review the incentive program that is costing Government at least P144 billion in tax perks and holidays to businesses.
Read MoreThe Duterte administration is “open to discussions” on the Asian Development Bank (ADB)”s fresh offer of greater financial assistance to the Philippines in a show of strong support to its new government, Finance Secretary Carlos Dominguez III said over the weekend.
Read MoreGiving his first marching orders at the Department of Finance, Secretary Carlos Dominguez III has told his DOF co-workers the challenge before them is not just to meet their collection targets but to help meet high public expectations that the Duterte government could drive and sustain a robust economy enjoyed by all Filipinos.
Read MoreFinance Secretary Carlos Dominguez III has said that the new government will carry out a wide gamut of initiatives ranging from an infrastructure buildup and tax reform to easing traffic congestion and enhancing the Public-Private Partnership (PPP) program, in step with President Duterte’s 10-point socioeconomic agenda that aims to make all Filipinos benefit from the country’s growth streak.
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