Special Report on
Philippines Corporate Taxation
Philippines Corporate Taxation - Trends
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Cyprus's competitive tax system and membership of the EU have helped the Island become a leading centre of international business. Low tax rates are one thing, but how does Cyprus compare to the rest of the EU when it comes to tax revenues as a proportion of actual income? Paul Mallis of Deloitte comments on the recent Eurostat findings. Last month Eurostat, the Statistical Office of the European Communities, issued its annual report on Taxation Trends in the European Union based on taxation data for 2007 . The report stated that the overall tax-to-GDP ratio in the EU27 in 2007 was 39.8%. This is a measure of the total tax ...
MANILA — Amid calls for additional revenue measures to address the country’s budget deficit, Ibon Foundation has called on the new administration to look into alternative fiscal solutions instead of resorting to new taxes. Finance Undersecretary Gil Beltran recently announced his proposal of raising cigarette taxes and the excise tax on oil products. Beltran also cited four new tax measures that the new Congress can work on immediately that could raise an estimated P67 billion in revenues. He said that the excise tax reforms for tobacco, alcohol and petroleum products could generate ... Read More
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PHILIPPINES CORPORATE TAXATION
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