An overhaul of the income tax that broadens the tax base while lowering tax rates might help to raise the growth potential of the economy. The ideal tax system would be simple, fair and efficient. That ideal is the benchmark for any upcoming tax reform.
It is my pleasure to join you today in the Philippines leg of Standard Chartered Bank’s ASEAN Webinar Series. My address this afternoon will focus on three main points. First, I will discuss the policy measures deployed by the BSP in response to the coronavirus pandemic.