The government of the Philippines is to intensify its audits of big companies
in an effort to overcome collection shortfalls that have caused concern in its
attempts to balance the next Budget.
Teves, said he was developing a three-pronged strategy aimed at catching up
with revenue targets by year-end, the FT reported.
This would result in government strengthening tax audits, selling stakes in
large and profitable listed companies and trying to stop the loss of revenues
from generous fiscal incentives and lax tax treatment of self-employed
Teves said he wanted tax audits to make up a tenth of tax collections,
compared with the current 2%.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Drastically fewer offices for HMRC in the hope to reduce their running costs
Laurence Field, the head of tax at national audit, tax and advisory firm Crowe Clark Whitehill outlines the 6 'unexpected items' regarding HMRC's Making Tax Digital plans
Many working in professional services have received honours this new year from the Queen