Friday 12 July 2013

INQUIRER.net: Inability to tax the rich blamed for income gap

INQUIRER.net
Philippine News for Filipinos
Inability to tax the rich blamed for income gap
Jul 12th 2013, 23:41

LEGAZPI CITY, Philippines—"The biggest failure of the Philippines as a nation-state is its inability to tax the rich," former Arroyo economic adviser and Albay Gov. Joey Salceda said, adding that disparity in the income growth rate between the rich and  poor would persist unless government initiated drastic measures to collect taxes from the rich.   Salceda cited a National Statistical Coordination Board (NSCB) study that showed how income growth among the high-income class tended to be faster compared to that of the middle- and low-income classes because of the government's failure to tax the wealthy.   Wide income gap   According to the NSCB re...

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