Philstar.com·3 min read·medium
Marcos wants tax relief for middle class this year
R
Renalyn Ramirez
✦AI Summary
Philippine President Ferdinand Marcos Jr. is pushing for the 'Progress Bill' to provide tax relief to middle-class workers by raising the income tax threshold. The government plans to offset the resulting revenue loss by increasing excise taxes on luxury and sin products.
MANILA, Philippines - President Ferdinand Marcos Jr. is pushing for the passage this year of the proposed tax reforms that would provide tax relief for the middle class, Malaca ang announced on Tuesday, August 4.
politicseconomy
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