Economics
Philippines Outgoing Minister to Submit $3 Billion Tax Plan
- Finance Secretary Purisima to submit tax proposal to successor
- Proposal could yield as much as $3 billion of revenue a year
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Outgoing Philippine Finance Secretary Cesar Purisima will submit tax reform recommendations to the administration of newly elected President Rodrigo Duterte that he says could yield as much as $3 billion of revenue annually, enough to wipe out the budget deficit last year.