Duterte must 'iron out' second tranche of tax reform for investors: analyst

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Posted at Jul 22 2019 11:06 AM | Updated as of Jul 22 2019 11:07 AM

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MANILA – President Rodrigo Duterte should "iron out" a measure that aims to lower corporate income taxes and rationalize incentives as the market expects updates on tax reform, an analyst said Monday.

Investors are also keen on fiscal and monetary policy reforms, Nomura Securities chief ASEAN economist Euben Paracuelles told ANC.

“I think this is sort of an appropriate path to take to be able to fund the infrastructure program so you need to broaden the tax base. I think that’s the thing that should be ironed out,” Paracuelles said.