“Dominguez explains: Duterte’s final legacy is a confident and hopeful Filipino people earnestly looking to a future of sustained progress”
In April 2022, an SWS poll showed Duterte had 65 percent net satisfaction rating, beating all his post-1986 predecessors BS Aquino III , Gloria Arroyo , Joseph Estrada , Fidel Ramos , and Corazon Aquino . As he ended his presidency, however, Duterte agreed to the return of US troops in the Philippines, a smart move given China’s recent belligerence in the West Philippine Sea and Taiwan Strait.
TRAIN reduced the personal income taxes for 99 percent of taxpayers. CREATE Law provided tax relief to businesses with the 10 percent reduction in the corporate income tax rates of micro, small and medium enterprises, as well as 5 percent reduction on CIT for bigger corporations. “This has resulted to high credit ratings for the country, which not only brought down borrowing costs and allowed bond issuances with very tight spreads, but also benefited private borrowers through low interest rates,” Dominguez points out.
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