More taxes ahead - News Summed Up

More taxes ahead


Ex-finance chief Ralph Recto once promised that there would be no new taxes until the end of Marcos’ term. His successor, Finance Secretary Frederick Go, now said that there would be eight new and revised tax measures to be introduced. After all, who wants to pay more taxes to a system riddled with graft and corruption? But it is precisely when the system is flawed that governments like ours resort to the easy way out – tax, tax and more taxes. There were taxes on land and goods, including what was dubbed a notoriously hated tax on salt.


Source: Philippine Star April 11, 2026 23:31 UTC



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