Taxation: Evaluating progress and addressing challenges

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Taxation: Evaluating progress and addressing challenges

//business-finance.news-articles.net/content/202 .. aluating-progress-and-addressing-challenges.html

Published in Business and Finance on Tuesday, January 21st 2025 at 11:41 GMT by manilatimes
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

In a previous article, I discussed the tax reforms implemented last year as well as the upcoming laws we should anticipate in 2025. As these reforms foster economic growth and drive the future of the Philippines,

2025-01-21 154 x 110 / 2509 Bytes

The article from The Manila Times, published on January 22, 2025, discusses the ongoing efforts and challenges in the Philippine taxation system. It highlights the government's initiatives to enhance tax collection efficiency, reduce tax evasion, and broaden the tax base. Key points include the implementation of digital tax systems to streamline processes, the push for tax reforms to make the system more progressive, and the challenges faced such as public resistance to new taxes, administrative inefficiencies, and the need for better taxpayer education. The article also touches on the debate over increasing taxes on luxury goods versus reducing taxes on basic commodities to alleviate the burden on the lower income groups, and the importance of transparency and accountability in tax administration to foster trust and compliance among taxpayers.

Read the Full manilatimes Article at:
[ https://www.manilatimes.net/2025/01/22/business/corporate-news/taxation-evaluating-progress-and-addressing-challenges/2042321 ]