Assessing the Potential Impacts of Reducing Philippine Corporate Income Tax and Reforming Sectoral Incentives on Poverty and Employment

• Main Authors: Cororaton, Caesar, Tiongco, Marites
• Format: text
• Published: Animo Repository 2020
• Subjects: Corporate Income Tax Reform; Sectoral Incentives; Computable General Equilibrium Model; Poverty Simulation; Philippines; Taxation; Tax Law
• Online Access: https://animorepository.dlsu.edu.ph/res_aki/116; https://animorepository.dlsu.edu.ph/context/res_aki/article/1115/viewcontent/Assessing_the_Potential_Impacts_of_Reducing_Philippine_Corporate_Income_Tax_and_Reforming_Sectoral_Incentives_on_Poverty_and_Employment.pdf
• Institution: De La Salle University

The Philippines needs to re-align its corporate income tax rates to its neighboring ASEAN countries to be competitive. Thus, the reduction in the corporate income tax rate, which is 30% at present to 20% in 2029 under the tax reform, is critical. However, because corporate income tax is a major sour...