Escudero pushes for non-tax revenue sources in place of new taxes

MANDAUE CITY, Cebu — Senator Francis Escudero is urging the national government to prioritize non-tax revenue measures to strengthen long-term fiscal stability instead of imposing new taxes that would ultimately be passed on to the public. The Philippines has various indigenous resources, said Escudero, and these could be developed not only to generate additional government income but also to complement the country’s long-term energy and development goals. READ: Francis Escudero on plenary appearance: ‘I am taking a stand for the Senate’ Furthermore, Escudero reasoned that “bidding out exploration and sharing agreements over our indigenous coal reserves is a practical way […]... Keep on reading: Escudero pushes for non-tax revenue sources in place of new taxes