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                    [ArticleID] => 188484
                    [Title] => Camacho shoots down tax on text
                    [Summary] => Finance Secretary Jose Isidro Camacho turned down yesterday the proposal of the International Monetary Fund (IMF) to impose excise tax on text messages in order to raise substantial revenues for the government in the face of its widening budget deficit.


Camacho said that the IMF cannot insist on it since the Philippines is not under any IMF economic program where the government is bound to comply with its fiscal prescriptions.


                    [DatePublished] => 2002-12-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804833
                    [AuthorName] => Marichu A. Villanueva
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AQUILINO PIMENTEL AND MANNY VILLAR

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                    [ArticleID] => 188484
                    [Title] => Camacho shoots down tax on text
                    [Summary] => Finance Secretary Jose Isidro Camacho turned down yesterday the proposal of the International Monetary Fund (IMF) to impose excise tax on text messages in order to raise substantial revenues for the government in the face of its widening budget deficit.


Camacho said that the IMF cannot insist on it since the Philippines is not under any IMF economic program where the government is bound to comply with its fiscal prescriptions.


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Camacho shoots down tax on text

By Marichu A. Villanueva | December 19, 2002 - 12:00am

Finance Secretary Jose Isidro Camacho turned down yesterday the proposal of the International Monetary Fund (IMF) to impose excise tax on text messages in order to raise substantial revenues for the government in...

Headlines