WB to PH: Make tax system ‘simpler, transparent’ to attract business opportunities

The World Bank voiced out concerns for a unified policy to make the Philippine tax system “simpler” and “transparent” to attract business opportunities that would further raise and sustain the country’s economic performance.

Rogier van den Brink, World Bank Philippines lead economist, said that other foreign investors that would wish to put up businesses or other opportunities to expand in the country are restrained due to “many” and  “complicated” tax system of the country.