Tax incentives are usually given to new companies to help them survive risks associated with starting a business. Over time, these perks are removed as the beneficiaries mature and become competitive. It is therefore absurd when some companies are given tax incentives forever. But such is the case of the Philippines where some sectors continue to enjoy incentives from the time they set up shop in the 1980s. It has come to a point where, under
It is December, and it is time to check on the promise made by President Duterte six months ago that by this month this year, “You don’t have to worry about traffic. Cubao to Makati will be just about five minutes na lang.” We did not mind it at that
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