Philippines to Hunt Tax Evaders to Boost Revenue, Dominguez Says
- Finance minister confident first tax bills to pass by October
- More revenue needed for infrastructure push, Dominguez says
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The Philippines will target tax evaders as it seeks to raise revenue to finance its infrastructure plans, the finance secretary said.
“We have gone after very big tax evaders,” Carlos Dominguez said in an interview with Bloomberg TV’s Stephen Engle on Wednesday. “Our tax teams are very successful in gathering the evidence of tax evasion,” he said on the sidelines of the Credit Suisse Asian Investment Conference in Hong Kong.