MAP supports govt’s tax reform initiative

THE Management Association of the Philippines ( MAP) on Monday expressed support for the government’s tax reform program, noting that a major overhaul of the country’s tax

“Philippine [ businesses] and Filipino workers have long been overburdened with an outdated tax system that has made the country uncompetitive vis- a- vis its dynamic neighbors. So we express our support for the recommended reductions in personal income taxes, particularly for a statement.

“We are pleased that the government has recognized the debilitating effects of [ the] decades- long shortfall in government spending on infrastructure, which has led to an intolerable of support for agriculture and it added.

MAP said there was a need for the Department of Finance (DoF)proposed level of additional taxes, as the government recently passed Republic Act 10931, or the Universal Access to Quality Tertiary Education Act, which provides free education to those in state universities and colleges.

The move is also on top of the recently approved free irrigation and increase in Social Security System (SSS) pensions.

“It is clear that greater revenues must be raised, beyond what the Senate version would currently allow. So we appeal to Congress to

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