Tuesday 22 January 2019
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inquirer - 3 month ago

DOF rues P86.3B in perks

Some profitable firms enjoyed P86.3 billion worth of tax perks in 2015, even if they did not need government support, the Department of Finance said Thursday. Citing government data, Finance Undersecretary Karl Kendrick T. Chua said the same companies that received fiscal incentives actually paid out a bigger P141.8 billion in dividends to their shareholders that year. Such data showing that certain enterprises declared dividends that are way above the incentives they receive from the government pr

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