European Parliament Library

Philippines :, Technical Assistance Report on Road Map for a Pro-Growth and Equitable Tax System

Abstract
The Technical Assistance Report on the Philippines’ road map for a pro-growth and equitable tax system is examined. Tax revenue has declined over the last decade in the Philippines owing to generous and expanding tax incentives, tariff rate reduction, deteriorating tax compliance caused by ineffective and inefficient revenue administration, and a gradual erosion of excise revenue owing to nonindexation. One of the key reasons for providing tax incentives in the Philippines is concern that the country needs to be competitive with other countries in the region to attract foreign direct investment
Table Of Contents
Cover; Contents; Preface; Acronyms; Executive Summary; Tables; 1. Mission Assessment and Key Issues in Implementing Tax Reform Plans; 2. Estimated Revenue Impact; I. Introduction and Progress in Tax Reform; A. Background; B. Progress Made in Implementing the 2010 FAD Mission Recommendations; C. Assessment of the World Bank Recommendations; II. Tax Incentives; A. Overview; B. Effects and Costs of Tax Incentives; C. How does the Philippines Compare with Other Countries?; D. Options for Reforming Tax Incentives; 3. Comparison of Tax Incentive Reform Bills; III. Other CIT Issues; A. Tax Rate
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (73 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475585094

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