ECCP calls for tax overhaul to make PH competitive

IF the Philippines does not adjust its outdated taxation system, the country will find itself at a disadvantage when the Asean economic integration begins to fully kick in, the European Chamber of Commerce of the Philippines (ECCP) warned on Thursday.

ECCP president Michael Raeuber said the Philippine government needs to adjust the tax rates imposed on individuals and companies to ensure that the country remains competitive with its neighbors in the Association of Southeast Asian Nations.