IBON: bongbongmarcos likely to raise taxes on consumption
At a forum organized by InfraWatch PH, IBON Executive Director Sonny Africa said there is "basic continuity" in the economic policies of the outgoing Duterte administration, with Marcos Jr. expressing his intention to continue his predecessor’s Build, Build, Build program.
Likewise, Africa claimed that Marcos could use his "disinformation machinery" to sway public sentiment in favor of higher taxes. Economists recommended that the next administration should intensify tax revenue collections probably through increasing tax rates on consumption, such as sin products, as well as on properties and passive income to manage the country’s debt levels, Africa pointed out.
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