Some foreign businessmen back suspension of fuel tax: ECCP

ABS-CBN News

Posted at May 16 2018 05:12 PM

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MANILA - Some foreign investors are in favor of suspending excise taxes on fuel to assess its impact on the prices of basic goods, the head of a European trade group said on Wednesday.

A second tranche of reforms, which will rationalize incentives for corporations, will also be closely watched by businessmen, said European Chamber of Commerce in the Philippines president Guenter Taus.