‘Better collection, not new taxes is key’

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Sen. Francis Escudero on Monday cautioned economic managers and legislators against rushing proposed tax bills without first improving collection efficiency, saying new measures without vital reforms unduly burden people. Know more:

SEN. Francis Escudero on Monday cautioned economic managers and legislators against rushing proposed tax bills without first improving collection efficiency, saying new measures without vital reforms unduly burden people already reeling from inflation and a business sector deflated by slowing growth.

The former chair of the Senate Ways and Means committee asked aloud why authorities don’t consider increasing collection efficiency to 50-60 percent “before we even think of new taxes.” The senator asked: “Who is tasked with collecting the taxes? Isn’t it the BIR? Who is tasked with collecting duties and other fees, isn’t it the Bureau of Customs? Aren’t these two agencies the main sources of graft and corruption the past several decades?”

Reminded that the main revenue agencies have seen leaderships changed and their field officers shuffled constantly, Escudero pointed out that “it may perhaps not be a simple problem of leadership, but reforming the system. We must identify the areas of discretion, and reduce or eliminate them.”

Source: News Formal (newsformal.com)

 

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