corporate income tax

CREATE’s three mistakes

February 7, 2021

From a development perspective, the fundamental problem is that CREATE asks the wrong question: what CIT will attract foreign investment? This puts us in a mindless race-to-the-bottom where our fiscal policy is defined by what corporations want rather than what national development and upholding social and economic rights demands.

Duterte gov’t giving up Php667-B in potential COVID response funds to boost corporate profits

May 20, 2020

At a time when funds are urgent for the huge COVID-19 response needed, research group IBON said that the Duterte administration is giving up Php667 billion in revenues to boost the profits of the country’s largest corporations.