Senate defers CREATE passage, as Gordon fights for freeports, investment friendly provisions

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

MANILA - The Senate on Wednesday postponed the passage of the Corporate Recovery and Tax Incentives for Enterprises Act, after Sen.

Richard Gordon fumed over the non-exemption of Subic Bay and other freeport zones in the country.

"Our country needs investments. I'm wary about setting up another layer called FIRB," he said, referring to the Fiscal Incentives Review Board. Senate Majority Leader Juan Miguel Zubiri urged Gordon to follow procedure wherein contentious provisions are voted upon."I was surprised that Mr. Zubiri would say na matagal na ito [pinag-uusapan], dapat bumoto na tayo. Ano ibig sabihin nu'n? Tatahimik ako?" Gordon said.

Senate President Vicente Sotto III tried to placate Gordon, saying that all senators have the right to speak on the floor."We are giving you the floor even if the sponsor has the floor."

 

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Belgique Dernières Nouvelles, Belgique Actualités