News Formal

IPO tax removal sought to spur capital market

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 83%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

MANILA -- The fourth round of tax reforms seeks a removal of taxes on initial public offerings or IPOs to encourage more companies to list in the stock market, a finance official said in a pitch to la

wmakers Wednesday.

"Instead of taxing them, why don't we encourage them to participate?" Chua told the Senate tax-writing body. The Philippines is the lone Asian economy that taxes IPOs, according to a study conducted by the National Tax Research Center in 2011.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pasig City revises traffic flow around Mega MarketThe local government of Pasig City kicked off on Monday the dry run of a new traffic scheme around Pasig Mega Market.
Source: manilabulletin - 🏆 25. / 51 Read more »