Lower income and corporate taxes. A national identification system. Automation of business permit processing, and faster broadband and phone services. These are part of a 10-point wish list presented yesterday to president-elect Rodrigo Duterte by business leaders. More than 400 corporate executives capped a two-day workshop here by giving their top 10 recommendations for economic policies of the Duterte administration before it takes over at noon of June 30.
After the presentation, Duterte said he would study the proposals, which he described as“doable.” “The discussions have been unique and productive. The entire group huddled in a workshop and they exchanged ideas extensively. They enriched each other’s contribution,” finance secretary-designate Carlos Dominguez III said.
George Barcelon, president of the Philippine Chamber of Commerce and Industry, said the two-day workshop would provide building blocks for collective synergy and a competitive landscape supportive of growth.Businessmen urged Duterte to adopt a comprehensive tax reform package that will reduce corporate and personal income taxes and capital gains levies. Tax rates could be made “a little lower” than regional peers.
After the presentation, Duterte said he would study the proposals, which he described as“doable.” “The discussions have been unique and productive. The entire group huddled in a workshop and they exchanged ideas extensively. They enriched each other’s contribution,” finance secretary-designate Carlos Dominguez III said.
George Barcelon, president of the Philippine Chamber of Commerce and Industry, said the two-day workshop would provide building blocks for collective synergy and a competitive landscape supportive of growth.Businessmen urged Duterte to adopt a comprehensive tax reform package that will reduce corporate and personal income taxes and capital gains levies. Tax rates could be made “a little lower” than regional peers.
