Recto Pushes Tax Hike On Capital Gains; Salceda Warns Of Capital Flight - Data Intelligence
2 Articles
2 Articles
Recto Pushes Tax Hike On Capital Gains; Salceda Warns Of Capital Flight - Data Intelligence
Eyeing more revenues for the Philippine government, Department of Finance (DOF) Secretary Ralph Recto expressed plans to increase the tax rates for capital gains, donor taxes and estate taxes from 6% to 10%. However, Albay Representative Joey Salceda, chairman of the House Ways and Means Committee of the House of Representatives, warned that raising taxes is not a good idea. Finance Secretary Ralph Recto Albay Representative Joey Salceda Table…
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