‘Pass tax reform as buffer vs protectionism’

The Department of Finance (DoF) on Monday called for an early passage by Congress of the proposed Comprehensive Tax Reform Program (CTRP) to create a strong buffer against the resurgence of protectionism around the world.

Speaking at the resumption of the tax reform hearing conducted by the House ways and means committee, Finance Secretary Carlos Dominguez 3rd said the Philippines is likely to see volatility and risk-aversion among many of its trading partners given the uncertainty created by resurgent protectionism in the world economy.