Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund.
International Monetary Fund. Asia and Pacific Department.
|
|---|
| ISBN: | 1484374061
9781484374061
9781484301067
1484301064
|
|---|
| ISSN: | 2227-8907
|
|---|
| Notes: | Title from PDF title page (IMF Web site, viewed Apr. 22, 2013).
"Prepared by the Asia and Pacific Department"--Page 2 of pdf.
"April 2013."
"March 14, 2013"--Page 2. of pdf.
Includes bibliographical references.
|
|---|
| Summary: | This article is an empirical analysis on tax collections in the Philippines. The tax system is characterized by a rule of tax incentives provided by 13 investment agencies. Tax collections showed regular growth. The GDP ratio increased from 12.1 percent (2009) to 12.8 percent (2012), but the revenue-to-GDP ratio was low to fill large gaps for education, health, and infrastructure; therefore the authorities encompassed the sin taxes (alcohol and tobacco excises). The most important source of income for the Philippines is the labor export. This large-scale labor emigration fetches a sufficient amount of annual inflows of more than 9 percent of GDP.
|
|---|
| Standard no.: | 10.5089/9781484374061.002
|
|---|
