Solon thumbs down Duterte proposal to adopt gross taxation scheme

MANILA, Philippines — President Rodrigo Duterte’s proposal to compute corporate taxes based on gross revenue rather than taxable net income is likely to meet fierce opposition in Congress. In the weekly economic briefing in Malacañang Wednesday, Albay 2nd District Rep. Joey Salceda, chairman of the House ways and means committee, said the existing taxation scheme is already … Continue reading Solon thumbs down Duterte proposal to adopt gross taxation scheme