Philippine Standard time

Will Shift to Gross Income Taxation Help Generate More Revenues?


In an effort to help improve the revenue performance of the national government, especially in the face of the country's current fiscal deficit situation, a number of proposals have been forwarded aimed at having a positive impact on revenues. One of these is the proposal to shift the present system of taxation to gross income taxation. Will a shift towards such system help generate more revenues for the national government?

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