Format:
Online-Ressource (26 p)
Edition:
Online-Ausg.
ISBN:
1484301064
,
9781484301067
Series Statement:
IMF Staff Country Reports Country Report No. 13/103
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Philippines: Selected Issues Washington, D.C. : International Monetary Fund, 2013 ISBN 9781484301067
Language:
English
DOI:
10.5089/9781484301067.002
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