GlobalSource: Proposed tax holiday ‘poorly targeted’

MANILA, Philippines — The proposed one-month income tax holiday would primarily benefit the middle class, exclude low-income workers, and strain public finances without guaranteeing equivalent economic and social gains, GlobalSource said.

Senator Erwin Tulfo has proposed what he called an “extraordinary measure” in response to the “resounding clamor” to “return the people’s money” amid a widening economic gap.
https://business.inquirer.net/552760/globalsource-proposed-tax-holiday-poorly-targeted