Business group presses Congress to pass tax cut measure

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PCCI president Benedicto Yujuico urged lawmakers to finalize the reforms in the country’s tax incentives regime, which has been a deterrent to foreign investments. | roycanivel_inq

However, the government redesigned several aspects of the program and included them in the Create bill, which the Senate passed in November.

The PCCI, like the 51 other business groups that also expressed support for Create on Friday, said it was the most balanced of all versions of the tax package.

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