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Philippines: Excise tax suspension to harm economy

Suspending excise taxes on petroleum products amid rising inflation would do more harm than good to the economy and actually lead to higher consumer prices, the research and advocacy organization Action for Economic Reforms (AER) said on Wednesday. “The motivation behind suspending the fuel tax is supposedly to bring down inflation. Ironically, if you would […]

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Thailand: Foxconn keen on EEC

Foxconn Technology Co Ltd, a Taiwan-based global manufacturer of computers, communication devices and consumer gadgets, is eager to invest in Thailand’s Eastern Economic Corridor (EEC) project, says Deputy Prime Minister Somkid Jatusripitak.  J.W. Tai, corporate executive vice-president of Hon Hai (Foxconn Technology) and chairman of Sharp Technology, met Mr Somkid Wednesday to discuss investment prospects in […]

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Philippines: Electronics industry eyes 10% corporate tax – Seipi

THE Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi) is seeking for the sector a corporate income tax (CIT) lower than that proposed under the second package of the government’s Comprehensive Tax Reform Program. In a press conference during the Philippine Semiconductor and Electronics Convention and Exhibition (PSECE) 2018 at SMX Convention Center […]

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