DOF: Govt to bring PH at par with China, Thailand per capita gross incomeOnce the government-proposed tax reform program is in place, six million Filipinos may be freed from poverty, the Department of Finance (DOF) said on Tuesday. The Philippines is now at a “critical juncture” where it can either choose the old and easier path of sustaining high growth accompanied by economic exclusion and high poverty rates, or the more challenging road toward reforms. Building on solid fundamentals, we must immediately bring relief to all Filipinos burdened with oppressive tax rates,” said Dominguez. Over the next six years, the government intends to bring the Philippines on a par with China and Thailand in terms of per-capita gross national income. That will mean raising per-capita gross national income from $3,100 to $4,000 by 2022.

Source: Manila Times November 22, 2016 16:24 UTC