TAX CUTS implemented this year could spur faster spending and increased savings by middle-class Filipino consumers, as well as lead to higher government revenues from indirect taxes, analysts said.

“I believe the new tax rates will help unleash the power of the middle class to drive the economy through consumption spending, savings, and investments. The spending power of a burgeoning middle class can create sizable output, income, and employment multiplier effects,” University of Asia and the Pacific (UA&P) Senior Economist Cid L. Terosa  said in an e-mail.....

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