Erwin Tulfo vs Ralph Recto? | Michael and Solomon Say скачать в хорошем качестве

Erwin Tulfo vs Ralph Recto? | Michael and Solomon Say

MANILA — Executive Secretary Ralph Recto on Monday doused calls to reduce the value-added tax rate, saying the country still needed to borrow more than a trillion pesos even with the current VAT rate. Senator Erwin Tulfo earlier pushed the idea to reduce the VAT to its original 10 percent rate to ease inflationary pressures as the Philippines continues to grapple with slower growth in the latter part of 2025. But Recto flagged this, saying the country was already borrowing a lot, even with the current tax rate. “Considering that we are still borrowing P1.6 trillion, that should be a factor in determining whether we should reduce it or not,” Recto told Palace reporters in a chance interview.