DTI softening stance on removing incentives

  • DTI Usec. Rodolfo said that incentives granted to investors are not wasted as the government earns PHP 4.70 for every PHP 1 it gives away via tax breaks and exemptions. 
  • Rodolfo said incentives are crucial in attracting capital into the Philippines and compensating for the country’s inefficiencies in terms of infrastructure, labor cost and resource availability
  • Effect on French interests is positive as the debate on the Corporate Income Tax Reform is starting to heat up. DTI's defense of incentives are crucial for FrenchIT companies located in economic zones as they rely heavily on fiscal incentives.

 Source: businessmirror.com.ph/2019/08/09/government-nets-p4-70-for-every-p1-of-fiscal-incentive-dti/

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