A broad coalition of 51 leading business, industry, academic and professional organizations strongly endorsed its passage. They declared in their manifesto of support: “As a stimulus package, CREATE will be a boost to market confidence, providing instant relief to businesses suffering from business reverses due to the COVID-19 pandemic.” Advocates believe that it would mitigate the “risk of losing more jobs and hemorrhaging more investments.”
The new law finally lowers the highest corporate income tax rate in Southeast Asia and among ASEAN countries. It is regarded as a major breakthrough in tax reform, coming on the heels of other path-finding initiatives since the Duterte administration assumed office in June 2016.
Bu hikaye Manila Bulletin dergisinin April 5, 2021 sayısından alınmıştır.
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Bu hikaye Manila Bulletin dergisinin April 5, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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