{"id":46821,"date":"2015-04-14T09:41:35","date_gmt":"2015-04-14T01:41:35","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=46821"},"modified":"2015-04-14T09:41:35","modified_gmt":"2015-04-14T01:41:35","slug":"wb-tax-reforms-key-to-attract-more-investments","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/04\/14\/wb-tax-reforms-key-to-attract-more-investments\/","title":{"rendered":"WB: tax reforms key to attract more investments"},"content":{"rendered":"<figure id=\"attachment_15934\" aria-describedby=\"caption-attachment-15934\" style=\"width: 250px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/world-bank.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-15934\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/world-bank.jpg\" alt=\"Wikipedia Photo\" width=\"250\" height=\"202\" \/><\/a><figcaption id=\"caption-attachment-15934\" class=\"wp-caption-text\">Wikipedia Photo<\/figcaption><\/figure>\n<p>MANILA &#8212; The World Bank noted in its East Asia and Pacific Economic Update report that the country&#8217;s investment gap could be filled by better tax administration and policy reforms.<\/p>\n<p>Tax administration improvement\u00a0rather than new taxes, may generate about 3.8 percent of gross domestic product in fiscal space for the medium term.<\/p>\n<p>This may eventually make up for the investment gap, according to the World Bank report.<\/p>\n<p>It added that another percentage may come from tax policy reforms to generate a more equitable, efficient and simpler tax system.<\/p>\n<p>The World Bank specifically noted that incentives, for instance, need to be more targeted, transparent, performance-based and temporary.<\/p>\n<p>\u201cThe Philippines needs to accelerate reforms that can translate to higher growth into even more inclusive growth \u2013 the type that creates more and better jobs \u2013 and improve the impact of social sector spending,\u201d the WB said.<\/p>\n<p>In a forecast, it also sees the country&#8217;s economy to expand to 6.5 percent this year after the government&#8217;s budget that emphasizes on infrastructure, spending, and initiating key policy reforms is fully implemented.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The World Bank noted in its East Asia and Pacific Economic Update report that the country&#8217;s investment gap &hellip;<\/p>\n","protected":false},"author":44,"featured_media":15934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-46821","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/46821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=46821"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/46821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/15934"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=46821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=46821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=46821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}