tax incentives

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    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 2053657
                    [Title] => As tax base shrinks during pandemic, proposed law seeks to cut revenue sources
                    [Summary] => The Duterte government is pushing for a bill cutting the corporate income tax in exchange for strict limits to tax perks enjoyed by investors. 
                    [DatePublished] => 2020-10-31 12:56:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1806945
                    [AuthorName] => Robert JA Basilio Jr., Philippine Center for Investigative Journalism
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2020/10/14/edsa-boni-covid_2020-10-14_16-42-24714_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2039357
                    [Title] => Ahead of pandemic, tax perks likely cost government more in 2019
                    [Summary] => The amount of incentives granted to firms, in turn, represented revenues which would have been collected by government if perks were not implemented. 
                    [DatePublished] => 2020-09-01 16:59:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805247
                    [AuthorName] => Ian Nicolas Cigaral
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2020/03/21/manila-quarantine_2020-03-21_13-59-46184_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 1949201
                    [Title] => House rejects DTI proposal on phaseout of tax incentives
                    [Summary] => The House of Representatives has rejected the proposal of the Department of Trade and Industry (DTI) for a longer phaseout period for unnecessary tax incentives.
                    [DatePublished] => 2019-09-05 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804863
                    [AuthorName] => Jess Diaz
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2019/09/04/bus4-tax-incentives-edd-gumban_2019-09-04_22-08-34885_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 1941143
                    [Title] => Foregone revenues from tax perks reach P1.12 T in 3 years
                    [Summary] =>  The government lost the opportunity to generate P1.12 trillion in revenue from 2015 to 2017 due to the grant of tax incentives and exemptions to select firms, according to the Department of Finance.
                    [DatePublished] => 2019-08-07 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 1926448
                    [Title] => Coops asked to submit report on tax incentives
                    [Summary] => The government is now requiring cooperatives to submit regular reports on the fiscal incentives they are enjoying to promote accountability and transparency, and to determine the impact of these perks to the economy.
                    [DatePublished] => 2019-06-15 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 1862180
                    [Title] => Chua: Cost of tax incentives outweighs economic benefits
                    [Summary] => The government has to streamline tax incentives because the cost of granting them outweighs its benefits to the economy, a finance official said.
                    [DatePublished] => 2018-10-22 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1213316
                    [AuthorName] => Carlo S. Lorenciana
                    [SectionName] => Freeman Cebu Business
                    [SectionUrl] => cebu-business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 1838753
                    [Title] => Seda Lio Resort in Palawan secures tax perks
                    [Summary] => Ayala Land Hotel and Resorts Corp. has secured tax perks for its P1.7 billion Seda Lio Resort in Palawan.
                    [DatePublished] => 2018-08-02 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1473425
                    [AuthorName] => Louella Desiderio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 1838474
                    [Title] => Foregone revenues due to tax  perks reach P178 billion in 2016
                    [Summary] => The government lost P178.56 billion in potential revenue due to the grant of tax incentives to 3,102 corporations in 2016, according to the Department of Finance.
                    [DatePublished] => 2018-08-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/articles/birtaxbooysantos_2018-07-31_19-42-58711_thumbnail.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 1807809
                    [Title] => PEZA disputes DOF on revenue losses
                    [Summary] => The Philippine Economic Zone Authority is at odds with the Department of Finance over figures on foregone revenues from the grant of tax incentives.


                    [DatePublished] => 2018-04-21 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 1792611
                    [Title] => PEZA seeks perks under TRAIN 2
                    [Summary] => The Philippine Economic Zone Authority prefers to have its own set of incentives under the government’s next tax reform plan amid the Department of Finance’s move to create a single menu of incentives applicable to all investment promotion agencies.
                    [DatePublished] => 2018-03-02 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

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As tax base shrinks during pandemic, proposed law seeks to cut revenue sources

By Robert JA Basilio Jr., Philippine Center for Investigative Journalism | October 31, 2020 - 12:56pm

The Duterte government is pushing for a bill cutting the corporate income tax in exchange for strict limits to tax perks enjoyed...

Business

Ahead of pandemic, tax perks likely cost government more in 2019

By Ian Nicolas Cigaral | September 1, 2020 - 4:59pm

The amount of incentives granted to firms, in turn, represented revenues which would have been collected by government if...

Business

House rejects DTI proposal on phaseout of tax incentives

By Jess Diaz | September 5, 2019 - 12:00am

The House of Representatives has rejected the proposal of the Department of Trade and Industry (DTI) for a longer phaseout...

Business

Foregone revenues from tax perks reach P1.12 T in 3 years

By Mary Grace Padin | August 7, 2019 - 12:00am

The government lost the opportunity to generate P1.12 trillion in revenue from 2015 to 2017 due to the grant of tax incentives and exemptions to select firms, according to the Department of Finance.

Business

Coops asked to submit report on tax incentives

By Mary Grace Padin | June 15, 2019 - 12:00am

The government is now requiring cooperatives to submit regular reports on the fiscal incentives they are enjoying to promote accountability and transparency, and to determine the impact of these perks to the ec...

Business

Chua: Cost of tax incentives outweighs economic benefits

By Carlo S. Lorenciana | October 22, 2018 - 12:00am

The government has to streamline tax incentives because the cost of granting them outweighs its benefits to the economy, a finance official said.

Freeman Cebu Business

Seda Lio Resort in Palawan secures tax perks

By Louella Desiderio | August 2, 2018 - 12:00am

Ayala Land Hotel and Resorts Corp. has secured tax perks for its P1.7 billion Seda Lio Resort in Palawan.

Business

Foregone revenues due to tax perks reach P178 billion in 2016

By Mary Grace Padin | August 1, 2018 - 12:00am

The government lost P178.56 billion in potential revenue due to the grant of tax incentives to 3,102 corporations in 2016,...

Business

PEZA disputes DOF on revenue losses

By Richmond Mercurio | April 21, 2018 - 12:00am

The Philippine Economic Zone Authority is at odds with the Department of Finance over figures on foregone revenues from the grant of tax incentives.

Business

PEZA seeks perks under TRAIN 2

By Richmond Mercurio | March 2, 2018 - 12:00am

The Philippine Economic Zone Authority prefers to have its own set of incentives under the government’s next tax reform plan amid the Department of Finance’s move to create a single menu of incentives...

Business