Finance dep’t proposes lowering corporate income tax to 25 percent
Finance Secretary Carlos Dominguez III has asked the Senate to consider the reduction of the corporate income tax rate to 25 percent from 30 percent starting July 2020.
‘Shame on you’: Imee Marcos hits back at Finance chief over ‘Masagana 99’
Sen. Imee Marcos on Thursday accused Finance Secretary Carlos Dominguez III of misleading President Rodrigo Duterte on the Masagana 99 rice production and credit scheme.
Finance chief fact-checks Imee, says Marcos’ Masagana 99 bankrupted 800 banks
Sen. Imee Marcos tried to sell her late father’s failed “Masagana 99” rice program during Senate hearing on Wednesday, only to be fact-checked by the agriculture secretary who cleaned up the mess, Carlos Dominguez III, now finance secretary.
First-quarter revenue collection short of target by P156B
Covid-19 has shown its impact in the government revenue target as the Department of Finance (DOF) reported that its collections for the first quarter of the year fell short by P156 billion.
DOF: 85 out of every 100 families covered by gov’t subsidies
Finance Secretary Carlos Dominguez III said 85 out of every 100 Filipino families were covered by P256 billion in government subsidy programs for sectors most vulnerable to the economic impact of the Covid-19 pandemic.