HALISTER1: Philippine Finance Dept. Says Tax Reforms Could Yield 351b Pesos

Philippine Finance Dept. Says Tax Reforms Could Yield 351b Pesos

(Bloomberg) -- Revenue gain estimated at 164.5b pesos to 351b pesos in 1st yr of implementation, Finance Dept. says in e-mailed statement.
  • NOTE: Philippines Outgoing Minister to Submit $3 Billion Tax Plan Link
  • Largest increase could be from administrative reforms including repeal of bank secrecy, making tax evasion predicate crime to money laundering
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Source: BFW (Bloomberg First Word)

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