Undoingduterte Duterte News Today

The “Tax Reform Act for the Masses and the Middle Class," seeks to exempt those making P33,333 ($590) monthly or less from paying income tax. It is also looking into providing tax breaks for families of persons with disabilities, those caring for elderly parents or relatives, and those with children.

Under the new Marcos regime, how will the country pay for its debts? Ibon Foundation, an independent think tank, said that government officials are eyeing higher taxes in the coming years.