The Duterte government is pushing for a bill cutting the corporate income tax in exchange for strict limits to tax perks enjoyed by investors. Economists however warn against eroding the revenue base at a time of a pandemic, when funds are needed the most.
With the Office of the Ombudsman’s latest memorandum circular, SALN access is now restricted across all branches of government.
By law, SALNs must contain detailed information on an official’s real and personal properties, loans and other liabilities, and net worth as well as business interests, financial connections and relatives in government.
Contrary to laws, public access to the SALNs has been problematic, with custodians issuing directives that either go beyond reasonable requirements or plainly restrict access.