Coop members protest proposed tax laws

KIDAPAWAN CITY – Members of cooperatives held a rally to protest a proposal to imposed taxes on cooperatives in the country.

The protesters, many of them carrying placards and streamers, marched on the streets of Kidapawan City and called on Congress not to pursue with the tax proposal to repeal the law granting tax exemption to cooperatives.

The proposed bills on the Rationalization of Fiscal Investment Incentives pending in Congress since last year are aimed at repealing Articles 60 and 61 of Republic Act 9520 or the Cooperative Code of the Philippines.