Towards Sensible Fiscal & Monetary Interventions
Over the years, CREBA mounted strong opposition to the imposition of onerous land taxes, which would have made housing completely unaffordable by the low- and middle-income groups. These taxes included the Creditable Withholding Tax (CWT), the Land Conversion Tax, and the VAT. Congress subsequently shelved the proposed land conversion tax; the CWT was rationalized to …
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