By TED CORDERO, GMA News, Sep 12, 2018
The Joint Foreign Chambers of Commerce of the Philippines (JFC) on Wednesday urged the Duterte administration to retain the incentives of companies registered under the Philippine Economic Zone Authority (PEZA).
President Rodrigo Duterte’s economic managers are moving to rationalize fiscal incentives under the second package of tax reforms dubbed as the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO). It is also called by many as TRAIN 2.
“Absolutely leave PEZA alone,” Ebb Hinchliffe, executive director of the American Chamber of Commerce of the Philippines (AmCham), said in a press conference in Pasay City.
The JFC is composed of AmCham, Australia-New Zealand Chamber of Commerce Philippines (ANZCham), Canadian Chamber of the Philippines (CanCham), European Chamber of Commerce of the Philippines (ECCP), Japanese Chamber of Commerce of the Philippines (JCCP), Korean Chamber of Commerce Philippines (KCCP), and Philippine Association of Multinational Companies Regional Headquarters Inc. (PAMURI).
Rationalizing fiscal incentives under TRAIN 2 would impact on foreign investments in a negative way, JCCP president Naoto Tago said.
The House of Representatives on Monday approved on third and final reading the proposed TRABAHO bill.
The measure seeks to lower the corporate income tax from 30 percent to 25 percent over 10 years and rationalize fiscal incentives.
“We are advocating for the continued operation of PEZA as it now and make sure it is still competitive with the rest of the region,” PAMURI vice president Celeste Ilagan said.—VDS, GMA News
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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