Even if the value-added tax (VAT) is removed, government could still expect double or triple in revenues once VAT is scrapped on power rates, which could be enticing to investors, a House leader said on Monday.
House Committee on Ways and Means chair Rep. Romero “Miro” Quimbo of Marikina City said that the government should look forward into the influx of investments because of lower power rates when VAT is removed.
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