![[B-SIDE Podcast] Concerns about the new CREATE MORE action](https://i3.wp.com/www.bworldonline.com/wp-content/uploads/2024/11/B-Side-Art-CREATE-MORE-Bill-300x300.jpg?w=780&resize=780,470&ssl=1 "[B-SIDE Podcast] Concerns about the new CREATE MORE action")
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Philippine President Ferdinand “Bongbong” Marcos Jr. signed the CREATE MORE MORE Act this November, a law that promises to attract more foreign investors and increase economic growth by reducing the corporate tax rate from 25% to 20% for registered businesses (RBEs).
The CREATE MORE Act also provides for zero VAT on essential services such as marketing and human resources, among others, that are “directly attributable” to a registered project or activity of a registered company.
However, some economic experts have expressed concern that the newly signed law could create more problems and undermine the existing CREATE Act, which was signed into law in March 2021.
For a closer look at CREATE MORE, I spoke with Pia Rodrigo, Communications Officer at Action for Economic Reforms.
Interview by Edg Adrian Eva
Edited by Jayson Mariñas
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