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Philippines: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 120
Language:
English
Publication Date:
02 Apr 2008
DOI:
https://doi.org/10.5089/9781451831429.002
ISBN:
9781451831429
ISSN:
1934-7685
Pages:
48
Keywords:
ISCR; CR; firm; Philippines; inflation-output gap relationship; Philippine output gap; portfolio equity inflow; EME portfolio allocation; location specific; estimates of the output gap; Tax holidays; Output gap; Effective tax rate; Tax incentives; Corporate income tax; Europe; Asia and Pacific; Global
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This study discusses the Philippine output gap from three perspectives and evaluates the utility of the approaches for policymaking. Incentives in the Philippines appear broadly comparable with those in neighboring countries. The reform would also improve short- and especially medium-term revenue collection. The general tax provisions and investment incentives in seven east-Asian economies are compared. The analysis focuses on stocks of foreign assets and liabilities and adopts a cross-country perspective to help determine the Philippines’ position within a broader universe of emerging market economies.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund