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

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...

Full description

Saved in:

Bibliographic Details
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
Tags:	Add Tag No Tags, Be the first to tag this record!
Institution:	De La Salle University

id	oai:animorepository.dlsu.edu.ph:res_aki-1115
record_format	eprints
spelling	oai:animorepository.dlsu.edu.ph:res_aki-11152023-07-06T02:41:08Z Assessing the Potential Impacts of Reducing Philippine Corporate Income Tax and Reforming Sectoral Incentives on Poverty and Employment Cororaton, Caesar Tiongco, Marites 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 source of government revenue, corporate incentives have to be reduced as well to finance/compensate for the reduction in the corporate tax. Also, to realize the full economic benefit of the reform, the government has to ensure that the resulting higher corporate income is reinvested back to the economy. 2020-09-01T07:00:00Z text application/pdf 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 Angelo King Institute for Economic and Business Studies Animo Repository Corporate Income Tax Reform Sectoral Incentives Computable General Equilibrium Model Poverty Simulation Philippines Taxation Tax Law
institution	De La Salle University
building	De La Salle University Library
continent	Asia
country	Philippines Philippines
content_provider	De La Salle University Library
collection	DLSU Institutional Repository
topic	Corporate Income Tax Reform Sectoral Incentives Computable General Equilibrium Model Poverty Simulation Philippines Taxation Tax Law
spellingShingle	Corporate Income Tax Reform Sectoral Incentives Computable General Equilibrium Model Poverty Simulation Philippines Taxation Tax Law Cororaton, Caesar Tiongco, Marites Assessing the Potential Impacts of Reducing Philippine Corporate Income Tax and Reforming Sectoral Incentives on Poverty and Employment
description	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 source of government revenue, corporate incentives have to be reduced as well to finance/compensate for the reduction in the corporate tax. Also, to realize the full economic benefit of the reform, the government has to ensure that the resulting higher corporate income is reinvested back to the economy.
format	text
author	Cororaton, Caesar Tiongco, Marites
author_facet	Cororaton, Caesar Tiongco, Marites
author_sort	Cororaton, Caesar
title	Assessing the Potential Impacts of Reducing Philippine Corporate Income Tax and Reforming Sectoral Incentives on Poverty and Employment
title_short	Assessing the Potential Impacts of Reducing Philippine Corporate Income Tax and Reforming Sectoral Incentives on Poverty and Employment
title_full	Assessing the Potential Impacts of Reducing Philippine Corporate Income Tax and Reforming Sectoral Incentives on Poverty and Employment
title_fullStr	Assessing the Potential Impacts of Reducing Philippine Corporate Income Tax and Reforming Sectoral Incentives on Poverty and Employment
title_full_unstemmed	Assessing the Potential Impacts of Reducing Philippine Corporate Income Tax and Reforming Sectoral Incentives on Poverty and Employment
title_sort	assessing the potential impacts of reducing philippine corporate income tax and reforming sectoral incentives on poverty and employment
publisher	Animo Repository
publishDate	2020
url	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
_version_	1772834489670565888

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

Similar Items