CURRENT POLL RESULTS
Several House bills seek to lower individual and corporate income tax rates, considering that Philippine tax rates are comparatively high in Asia. The House Committee on Ways and Means is deliberating on proposals to lower income tax from the current 32 percent to as low as 15 to 25 percent. The proponents argue that, although this will initially lower tax collections, it will make intensify tax compliance, disposable income and consumer spending. Lower income tax means inclusive growth, they pointed out.
Do you agree that lower income taxes should be legislated?