Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Economy  >>   Former finance chief calls for tax reform
NEWS UPDATES Asean Affairs     20 October  2011

Former finance chief calls for tax reform

Related Stories

September 19, 2011
Labor problems in Cambodia

August 11, 2011
Beer attendant protest in Cambodia

June 20, 2011
Labor shortage in Cambodia’s special zone

May 17, 2011
Cambodian migrant workers at risk

February 23, 2011
Cambodian garment benefit talks held

President Benigno Aquino 3rd should cash in on his popularity by pushing for unpopular legislation aimed at improving government tax collections, former president Gloria Arroyo’s finance chief said on Wednesday.

Speaking at the first Punongbayan & Araullo business forum, Margarito Teves, who now chairs Think Tank, Inc., said the President should consider a number of measures to help address the inefficiencies and constraints faced by tax collection agencies.

“Congress will not move unless the President says so. That is the nature of politics in the Philippines . . . that is why the President should capitalize on his popularity,” said Teves, a former lawmaker from Negros.

Among the measures the President should endorse is the increase in the compensation of tax collectors to reduce the risk of connivance with erring taxpayers.

As an example, Teves said that regional collectors are paid about P30,000 but are tasked to collect billions for the government.

The judiciary, he added, should also expedite cases against tax evaders to raise public awareness.

Teves’ pronouncements were in reaction to a question at the forum as to why the Bureau of Internal Revenue consistently misses its collections target.

“[The government] should also look into restructuring the system, a reverse consumption tax rather than on income,” he said.

The proposal would give consumers more buying power, “but there has to be some protection for the poor,” he added.

Another measure broached by the former finance chief is increasing sin taxes as local prices of such products are still among the lowest in the region.

“All this taken together will help improve tax collections,” he added.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    20  October  2011 Subsribe Now !
  • Number of wealthy rises in Indonesia  Subcribe: Asean Affairs Global Magazine
 • Malaysia’s “doing business” rating improves  Asean Affairs Premium

 • UN: human rights issues persist in Myanmar 

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• 24 Philippine soldiers killed in Basilan
• Former finance chief calls for tax reform
 • Cost of flooding continues to mount 
 • Flooding hits Thai retail sector 

 • First oil produced in offshore Vietnam


Asean Analysis              20  October  2011

Advertise Your Brand
• Is Myanmar for real? Sponsor Our Events

Asean Stock Watch      20  October  2011

• Asean Stock Watch-October 20 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand