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P5-B subsidy released to GOCCs in Q1 - Manila Bulletin

Thursday, May 7th, 2009

P5-B subsidy released to GOCCs in Q1 Manila Bulletin, Philippines Tax expenditure subsidies are considered benign since these have no significant bearing on collections. In the case of NFA, the tax relief lowers import costs by 50 percent. NFA subsidies, not just tax subsidies, are higher this year but since the 2009 ...


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