'Tax efforts insufficient to bolster revenue'

Jul 10, 2024 12:40 am

MERELY boosting tax collection efforts and enforcing tax laws may not yield sufficient revenue for the government, a former Philippine central bank official said.

'With the persistent issues in governance, the old formula of intensifying tax collection and ensuring compliance with tax laws may not deliver sufficient revenues,' former Bangko Sentral ng Pilipinas (BSP) deputy governor Diwa Guinigundo said.

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