Dominguez: ‘The administration is serious about tax reform’

Published July 23, 2018, 7:44 PM

by Roel Tibay

By Chino Leyco

Finance Secretary Carlos G. Dominguez III said that President Duterte has always been the principal advocate of inclusive growth and of the means to achieve it.

Finance Secretary Carlos Dominguez III (Facebook / MANILA BULLETIN)
Finance Secretary Carlos Dominguez III

“Tax Reform is a key tool to reach that objective. We will extend all the technical support that Congress needs in heeding the President’s call for the passage of Package 2 this year, especially for the benefit of our small and medium enterprises,” Dominguez said in a mobile phone message.

The finance chief believes that the President’s strong statements in the SONA will help allay whatever uncertainty is left about the imperative for reform.

“The administration is serious about tax reform, and it is definitely serious about having Package 2 signed by the end of the year,” Dominguez declared.

“The DOF [Department of Finance] commits itself
 to the President’s stated deadline,” he added.

Dominguez also said that the tax reform will bring about growth with equity and heightened productivity that will help the Philippines attain its aspiration to be a high-middle-income country by 2022, lifting one million Filipinos from poverty every year.