IN the last few months of the previous administration, there was a mounting call for tax reform focused on the need for more equitable tax rates. Under current rates which have not been revised since 1997, a rich man whose income is mostly from stock dividends pays 10 percent, while a salaried employee pays 32 percent. The 32 percent tax rate was fixed some two decades ago on the high salaries earned by top executives. Today, because of inflation, this top rate applies to salaries of ordinary employees.
The chairman of the House Committee on the West Philippine Sea yesterday cited the Chinese government’s support to the Philippines’ fight against illegal drugs and drug-related crimes.Continue reading …
If there’s anything that will “test” the Rodrigo Duterte administration, it will be how it carries itself in the face of the upcoming integration of Southeast Asian economies as well as the country’s territorial claims in the West Philippine Sea (WPS).Continue reading …
A four-cornered fight for speakership looms in the 17th Congress following the landslide victory of Davao Mayor Rodrigo Duterte in Monday’s presidential election.Continue reading …