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JFC still not withdrawing proposal to cut tax rates (Business Mirror (Philippines))

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by September 15, 2015 Business

Foreign business groups are not withdrawing their petition for tax reforms, particularly the lowering of individual and corporate income-tax (CIT) rates, despite the repeated pronouncements from Malacanang that the administration is against the proposal. The Joint Foreign Chambers (JFC), in a position paper, said the country needs to adjust its tax rates to be competitive in…

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