Dominguez defends balance between business tax cuts, perks
Even as the planned cut in corporate income tax rates will depend on the revenue gains of the second tax reform package, Finance Secretary Carlos G. Dominguez III expressed confidence that investors will understand the government’s thrust of balancing the grant of fiscal perks.
Asked last week if investors could be deterred by the conditional reduction in corporate income taxes, Dominguez replied: “No, I don’t think so. I think it focuses the issue—what do you want: lower income tax, or less incentives that are targeted, time-bound and measured? So it focuses the mind. So if you are a company, you will balance it—do I really need this incentive, or am I better off with lower i…
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