Franchise tax - is it gone, finally?

It has been a long and hard fight, but may be this time, it is gone for good - the proposed franchise tax in the Philippines.

Apparently, "Philippine lawmakers were yesterday backing off from a proposal to impose a franchise tax on telecommunications companies after industry leaders and government tax experts argued that the measure would hurt hundreds of small operators."

There surely are better ways to increase revenues than on something that might be developed into a competitive advantage of the Philippines.

(By Asia Business Consulting)