BIR Chief: PH too generous on incentives for businesses

The Philippine government is giving too many incentives to various businesses, Commissioner Kim Henares of the Bureau of Internal Revenue said.

Henares made the observation recently when the House Committee on Ways and Means asked her about her stance on the proposed Fiscal Incentives Rationalization bill which seeks to streamline the tax breaks for businesses in order to maximize the use of available funds—a priority legislation of the Aquino administration.