LATEST PUBLICATIONS
GIZ-FFS-2021-04
Philippine DepEd Wash in Schools Three Star Approach Monitoring Results: Menstrual Hygiene Management 2019/20
GIZ-FFS-2021-04
WASHaLOT 3.0 Technical Details " 2021 update
GIZ-FFS-2021-02
Operation and Maintenance (O and M) App factsheet
GIZ-FFS-2021-01
WASHaLOT 3.0: User's Guide for Schools

LATEST AV MATERIALS
GIZ-FFS-2020-01
WASHaLOT 3.0: Production Process
GIZ-FFS-2021-03
WASHaLOT 3.0 Mass Production
GIZ-FFS-2021-02
Minimum Requirement Guidelines on WASH in Schools
GIZ-FFS-2021-01
WASHaLOT 3.0 Installation, Operation and Maintenance video
Publication Detail
CN2012-06: Promoting Tax Neutrality in the Financial Sector / HB6229: Reorganizing and Strengthening the Philippine Statistical System

Promoting Tax Neutrality in the Financial Sector this paper discusses the issue of tax neutrality in the financial sector. Under a tax neutral environment, the tax rate does not affect how companies conduct business or how customers decide on choosing products and services. When tax is not neutral, this may result in a tax arbitrage wherein one attempts to profit on price differences on the same product resulting from different rates of taxes. This practice distorts the financial markets and unfair advantage to the product or company favored by the tax treatment. Some of the identified cross-sectoral tax issues that can be used for arbitraging tax are deposit accounts and long-term investments. While it is recognized that it is difficult to achieve the goal of complete tax neutrality, minimizing and/or reducing variations in the taxation of the financial sector may still be worth looking into. Taxing comparable products/institutions similarly may encourage savings and discourage tax arbitrage which could contribute in further promoting the development of the financial sector. HB6229: Reorganizing and Strengthening the Philippine Statistical System This paper explains the recently passed House Bill 6229 entitled “Philippine Statistical Act of 2012”. The bill seeks to reorganize and rationalize the present set-up of the Philippine Statistical System (PSS) and address the fragmented statistical system by gearing the PSS towards a high level of coordination and integration of statistical data between and among agencies of the government and the private sector. The reform is geared towards the strengthening of the system by providing a sound legal mandate and structure that will strengthen the present set-up of the PSS coordinating system.

Congressional Policy and Budget Research Department
Authors Keywords
Sawali, Rosemarie R.; Goboleo, Diomedes; Financial sector, tax neutrality, financial sector reform, tax reform, tax arbitrage, financial sector development; Statistics; Philippine Statistical System; House Bill No. 6229; Philippine Statistical Act of 2012; Statistical Reform;
Download PDF Number of Downloads
Published in 2012 and available for Downloaded 308 times since November 05, 2015
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. You will answer the profile questions only once as long as you enter the same email address. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display; please use the same email address when downloading another publication so that the profile questions will not appear)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.