Wednesday, June 9, 2010

Philippines' Aquino says against new taxes

MANILA: Benigno Aquino III, the Philippines' next president, said on Wednesday, June 9 he was against imposing new taxes as a solution to the government's ballooning budget deficit.

"No, new taxes will be a last step if we have done everything and the deficit is still unmanageable," Aquino told reporters. Aquino has repeatedly said he was not in favour of raising tax rates, particularly the consumption tax. ' Reuters

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