IMF Staff Country Reports

Philippines: Selected Issues

April 2, 2008

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Philippines: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This study discusses the Philippine output gap from three perspectives and evaluates the utility of the approaches for policymaking. Incentives in the Philippines appear broadly comparable with those in neighboring countries. The reform would also improve short- and especially medium-term revenue collection. The general tax provisions and investment incentives in seven east-Asian economies are compared. The analysis focuses on stocks of foreign assets and liabilities and adopts a cross-country perspective to help determine the Philippines’ position within a broader universe of emerging market economies.

Subject: Corporate income tax, Effective tax rate, Output gap, Production, Tax holidays, Tax incentives, Tax policy, Taxes

Keywords: Asia and Pacific, Corporate income tax, CR, Effective tax rate, EME portfolio allocation, Estimates of the output gap, Europe, Firm, Global, Inflation-output gap relationship, ISCR, Location specific, Output gap, Philippine output gap, Philippines, Portfolio equity inflow, Tax holidays, Tax incentives

Publication Details

  • Pages:

    48

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/120

  • Stock No:

    1PHLEA2008002

  • ISBN:

    9781451831429

  • ISSN:

    1934-7685