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New taxes last resort to raise revenues – Carandang

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The implementation of new taxes to generate additional revenue is farthest from Malacañang’s mind right now, Presidential Communications Development Strategic and Planning Secretary Ramon “Ricky” Carandang said on Sunday.

Carandang made the statement in an interview aired over dzRB in response to a Philippine Institute for Development Studies (PIDS) article stating that new taxes were needed to meet the Millennium Development Goals by 2015.

Carandang, however, clarified that while new taxes “will be the very last possible resort we can go to in order to raise revenues,” the government will still “consider” the findings of the PIDS-led study.

In its study entitled “Financing the MDGs and Inclusive Growth in the Time of Fiscal Consolidation,” the state-operated think tank said that while improving tax collection helped increase revenues, new taxes were still needed.

“We will consider the findings (of the study because it came from) the government think tank. Pero alam naman nating yung posisyon ni President Aquino at ng Department of Finance -- kung may magagawa pa tayong paraan to raise revenue without increasing taxes, gagawin natin yun,” Carandang said.

“Raising taxes will be the very last possible resort we can go to in order to raise revenues,” he stressed. (PCOO/PIA9-BST)




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