Joe De V Seeks New Tax System; Says HK-Style Plan Will Cut Graft, Hike Collections

By Villa, Rod L. | Manila Bulletin, July 26, 2001 | Go to article overview

Joe De V Seeks New Tax System; Says HK-Style Plan Will Cut Graft, Hike Collections


Villa, Rod L., Manila Bulletin


Speaker Jose de Venecia Jr. declared yesterday the government could increase its tax collections and reduce revenue corruption by adapting a system that has proved successful in Hong Kong.

De Venecia urged President Arroyo to order a shift to the Hong Kong-style gross income taxation system to make the Bureau of Internal Revenue more effective.

The leader of the House of Representatives said the proposed system will eliminate too much discretion now exercised by the BIR and other revenue collecting agencies.

The additional funds, he added, will enable the administration to finance vital infrastructure and antipoverty projects.

De Venecia aired his proposals in an address before the Personnel Bankers' Council for Personnel Management of the Philippines at the Dusit Nikko Hotel in Makati City.

The House leader has created a committee to work on the draft of the new tax measure, composed of Rep. Julio Ledesma IV (1st District, Negros Occidental), head of the House ways and means committee as chairman; Rep. Oscar Moreno (1st District, Misamis Oriental); Rep. Joey Salceda (3rd District, Albay); and Director General Romulo Neri of the House economic planning committee.

Two days after he was voted overwhelmingly by House members to the speaker's post that he held thrice before, De Venecia said: "It takes political will, creativity and common sense" to raise $2.

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Joe De V Seeks New Tax System; Says HK-Style Plan Will Cut Graft, Hike Collections
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