Home » Wigberto E. Tañada » The proposed tax measures may aggravate the industrial crisis

The proposed tax measures may aggravate the industrial crisis

Fair Trade Alliance believed that the fiscal crisis is rooted in the industrial crisis. One reason for the declining tax intake of the government is precisely the shrinking industrial sector, the most taxable among the different economic sectors (services, agriculture and overseas employment). The formally registered enterprises have been going down since the mid-1990s. As a result, the number of employed enterprise workers went down from six million in 1999 to 5.7 million in 2003.

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