Destruction of seized counterfeit cigarettes to last until March

The destruction of seized Mighty cigarettes bearing counterfeit tax stamps that began in December 2017 is still ongoing and is expected to be completed in the first week of March…

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TRAIN to eventually rescue 21-M Filipinos from poverty

The Tax Reform for Acceleration and Inclusion Act (TRAIN) will set the staging ground to rescue 21 million Filipinos from poverty in the long run because additional revenues from this…

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Dominguez urges US investors to be part of PHL’s economic resurgence

Finance Secretary Carlos Dominguez III has called on American investors to take part in the Philippines’ resurgence as Asia’s next powerhouse as he assured them that the country’s economy continues…

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GG DEBT AT 36.4 PERCENT OF GDP AS OF END-JUNE 2017

The country’s ratio of General Government (GG) Debt to the Gross Domestic Product (GDP) stood at 36.4 percent as of end-June 2017, slightly up from the 35.3 percent recorded as…

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Alibaba system insights to help PHL improve governance—Dominguez

HANGZHOU, China—The insights that a visiting Philippine delegation have gathered from taking part in last week's three-day learning workshop hosted by Alibaba Group founder Jack Ma here will help the…

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TRAIN removes oppressive rates for delinquent tax payments

The Tax Reform for Acceleration and Inclusion (TRAIN) has done away with punitive and confiscatory interest rates that encourage delinquency rather than compliance in paying the correct amount of taxes,…

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