EconomyForex

House leader wants ‘one-strike policy’ for tax collectors who fail to meet targets

1 Mins read
PHILIPPINE STAR/ RUSSELL A. PALMA

THE HOUSE Speaker on Sunday called on President Ferdinand R. Marcos, Jr. to remove tax collectors who fail to meet their revenue targets and replace them with more “competent individuals.”  

“The one-strike policy is a key step towards achieving our revenue goals,” Speaker Ferdinand Martin G. Romualdez said in a statement on Sunday. 

He said unmet collection goals compromise the government’s budget for agriculture, education, infrastructure, and health, among others.  

“Taxes are the lifeblood of government in the implementation of pro-poor programs designed to alleviate poverty and reduce inequality,” he said.  

Mr. Romualdez, the president’s first cousin, also said that the House will exercise its oversight function to “further promote transparency and accountability under the Marcos administration.”  

In December 2021, the Bureau of Internal Revenue sent a demand letter to Mr. Marcos Jr. asking him to pay his family’s estate tax dues worth about P203 billion, including the principal amount and interests. — Beatriz Marie D. Cruz

Related posts
EconomyForex

Samsung Care+ Premium is the perfect addition to make household investments last

3 Mins read
Samsung ensures your TVs and appliances stay at their best with extended protection and proactive, expert care As premium devices become essentials…
EconomyForex

Cash remittances hit 7-month high at $3.18 billion in July

2 Mins read
PHILIPPINE STAR/ MIGUEL DE GUZMAN By Katherine K. Chan FILIPINOS ABROAD sent more money home in July, hitting a seven-month high as…
EconomyForex

Peso to rise as Fed woes drag dollar

4 Mins read
BW FILE PHOTO THE PHILIPPINE PESO is expected to end the year stronger against the US dollar as the greenback remains under…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *