• Written by: Nathaniel Cajuday
  • Thu, 24 Apr 2025
  •   Philippines

The Philippine DOF plans to raise capital gains, donor, and estate taxes from 6% to 10% under the Growth Bill, aiming to generate 300 billion. Rep. Salceda warns the move may trigger capital flight and hurt the middle class.

Recto Pushes Tax Hike on Capital Gains; Salceda Warns of Capital Flight