What Pinoy govt can do...

[abakitba]

Tax competition occurs when a government uses its tax system to try to attract capital, business activity, or wealthy individuals from other countries.
At its most obvious this could be a "tax haven" with very low (or even zero) tax rates, but it could include more subtle provisions such as tax breaks for specific businesses relocating into a country.
Game theory suggests that if the low-tax countries successfully attract international investment then other governments will respond, leading to a competitive spiral of tax reductions as they all compete for mobile capital.
Complete lesson here. (http://www.mises.org/story/2022)

[dcat]

Tax competition occurs when a government uses its tax system to try to attract capital, business activity, or wealthy individuals from other countries.
At its most obvious this could be a "tax haven" with very low (or even zero) tax rates, but it could include more subtle provisions such as tax breaks for specific businesses relocating into a country.
Game theory suggests that if the low-tax countries successfully attract international investment then other governments will respond, leading to a competitive spiral of tax reductions as they all compete for mobile capital.
Complete lesson here. (http://www.mises.org/story/2022)

Hi abakitba, nice to see you again. I read the article and it's very interesting, thanks. What do you suggest the Philippine gov't should do about its tax rates then? I'd really like to get your detailed opinion on this matter.

And also when qouting an article word-for-word it is necessary to mention the author and to use qoutation marks so that readers wouldn't get a wrong idea. Just an advice.;)

It's still a very good article though, I hope you keep it up. :)

[abakitba]

And also when qouting an article word-for-word it is necessary to mention the author and to use qoutation marks so that readers wouldn't get a wrong idea. Just an advice.;)
It's still a very good article though, I hope you keep it up. :)
And also for your excellent advice.
Thought the source was in the title but obviously I'm mistaken.
Wish I could elaborate on the article but I'm cutting back on TF time.
It's getting nice outside.
:D