The gov't has already been trying to private many of its assets since FVR's time.Originally Posted by mikaztro
The problem is that the employees of these GOCCs are the ones trying to halt this (along with various militants who oppose privatization).
By the way, the E-VAT law is not only just about raising taxes... but to also help the government monitor the input/output tax declarations of companies. A lot of tax leaks are occurring here (to the tune of P100B last year) thanks primarily to companies who don't want to pay their proper taxes.




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