Passive income tax cuts not viable until 2028–BofA

MANILA, Philippines  —Tax cuts on passive income—proposed to deepen local financial markets—may have to wait until the twilight of the Marcos administration in 2028 due to the current lack of fiscal space, analysts at BofA Global Research said. In a commentary dated Feb. 26, the research unit of Bank of America (BofA) said any measures
Read The Rest at :