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Countries in the Association of Southeast Asian Nations (ASEAN) including the Philippines should consider increasing the income tax instead of focusing on consumption tax such as value-added tax (VAT), the deputy managing director of the International Monetary Fund said on Friday at the World Economic Forum (WEF) in Makati City.

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NAOYUKI SHINOHARA

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abtest

Improve tax collection from conglomerates – IMF

By Iris Gonzales | May 25, 2014 - 12:00am

High income inequality is still widely prevalent in the Philippines and government must collect more taxes from the country’s conglomerates to narrow the gap and boost revenues, the International Monetary Fund...

Business

IMF: Focus on income tax, not VAT

By Jovan Cerda | May 23, 2014 - 1:55pm

Countries in the Association of Southeast Asian Nations (ASEAN) including the Philippines should consider increasing the income...

Business

ASEAN agrees to Myanmar's proposal for financial inclusion system

April 6, 2014 - 5:00pm

ASEAN finance ministers have agreed to Myanmar's proposal to enhance a "financial inclusion" system which aims to help all people in the region get access to financial services, state media quoted Myanmar Finance...

Headlines

Emerging marts seen to contribute more to global economy

By Neil Jerome C. Morales | May 3, 2012 - 12:00am

Asia, including emerging markets like the Philippines, is expected to contribute more to the global economy in the coming years amid sound fundamentals, a top central banker said.

Business

Phl can survive global eco crisis - IMF

By Lawrence Agcaoili | November 8, 2011 - 12:00am

Multilateral lender International Monetary Fund (IMF) believes the Philippines has the capability to survive the impact of the fragile economic growth in advanced economies led by the US as well as the sovereign...

Business