Philippines: Selected Issues

Volume/Issue: Volume 2008 Issue 120

Publication date: April 2008

ISBN: 9781451831429

$20.00

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English

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Investments and Securities-General , Taxation - General , ISCR , CR , firm , Philippines , inflation-output gap relationship , Philippine output gap , portfolio equity inflow , EME portfolio allocation , location specific , estimates of the output gap , Tax holidays , Output gap , Effective tax rate , Tax incentives , Corporate income tax , Europe , Asia and Pacific , Global

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Summary

This study discusses the Philippine output gap from three perspectives and evaluates the utility of the approaches for policymaking. Incentives in the Philippines appear broadly comparable with those in neighboring countries. The reform would also improve short- and especially medium-term revenue collection. The general tax provisions and investment incentives in seven east-Asian economies are compared. The analysis focuses on stocks of foreign assets and liabilities and adopts a cross-country perspective to help determine the Philippines’ position within a broader universe of emerging market economies.