News » Tax reforms won’t change under new NEDA chief

Tax reforms won’t change under new NEDA chief

Tax reforms in the Philippines will continue to be implemented, says the new National Economic and Development Authority (NEDA) chief Karl Kendrick Chua.

He said his stance on tax reform will not change just because he has now joined the NEDA, and pointed out that he has always advocated for it even when he was still an economist at the University of the Philippines before he became part of the World Bank.

However, several business groups, including members of the BPO industry, have expressed worries over the removal of fiscal incentives, which is included in the tax reform.

They say that this would make the Philippines less attractive to foreign investors and may lead to companies moving out of the country. Chua, who was part of the Finance Department, helped draft the tax reform packages of the agency and defended them in legislative hearings.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.