MANILA, Philippines — The proposed one-month income tax holiday would primarily benefit the middle class, exclude low-income workers, and strain public finances without guaranteeing equivalent economic and social gains, GlobalSource said.
Senator Erwin Tulfo has proposed what he called an “extraordinary measure” in response to a “resounding clamor” to “return the people’s money” amid a widening economic gap.
https://business.inquirer.net/552760/globalsource-proposed-tax-holiday-poorly-targeted
