The Fort Bonifacio, or Bonifacio Global City (BGC), area will be burdened by higher taxes with the ruling of the Court of Appeals (CA) saying that the business district is under Makati City’s jurisdiction.

This is because buildings in BGC and the McKinley area are now subjected to 30 percent to 50 percent higher tax rates in Makati compared to the tax rates in Taguig City, particularly the infrastructures unregistered with the Philippine Economic Zone Authority (PEZA) which cater to the “traditional office takers.”

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