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Friday, January 3, 2014

No New Taxes on 2014

The government will not propose new taxes this year despite its resolve to attain inclusive economic growth in the country Malacanang official said yesterday. PCOO Sec. Coloma Jr. said Pres. Aquino will keep his word to refrain from imposing new taxes, a promise he made when he assumed office in 2010. Coloma acknowledge though that the Aquino government has pursued sin tax reforms to help expand the country's health services. Coloma also affirmed that the government is focused on attaining the goal of inclusive growth by creating more employment and extending social protection to the most needy. He said the implementation of the public-private partnership program has also picked up momentum, citing the successful bidding of some infrastructure projects. "We acknowledged that there are those who differ with us in the way they view the economy. As the president said in his New Year's message and I quote 'Our minds remain open and we are always ready to listen to those with meaningful ideas and proposals that can help to expand and make permanent our reforms." Coloma said.      
 
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