Analysts: 'Super rich' tax will not result loss in investments

The proposed "super rich" tax in the Philippines will not inevitably result in a loss of investments in the country.

This is what analysts told The Manila Times when asked if they agree with Finance Secretary Carlos Dominguez 3rd's position on House Bill 10253 or the Super Rich Tax Act of 2021, which proposes a 1-percent tax on individuals with taxable assets of over P1 billion, a 2-percent tax on those with taxable assets of over P2 billion, and a 3-percent tax on those with taxable assets of over P3 billion.