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                    [ArticleID] => 98641
                    [Title] => Housing sector bats for 10% ceiling on bank lending rates
                    [Summary] => Housing industry leaders yesterday called on the government to impose a ceiling of not more than 10 percent on bank lending rates and at the same time abolish the various taxes on bank transactions in order to spark economic recovery.


These taxes are the gross receipts tax (GRT), value-added tax (VAT), documentary stamps tax (DST), and the tax on interest income.


The housing leaders also called for the abolition of the 20 percent final tax on depositors’ interest income to generate greater inflow of savings into the banking system.


                    [DatePublished] => 2000-10-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
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LAWYER MANUEL SERRANO

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                    [ArticleID] => 98641
                    [Title] => Housing sector bats for 10% ceiling on bank lending rates
                    [Summary] => Housing industry leaders yesterday called on the government to impose a ceiling of not more than 10 percent on bank lending rates and at the same time abolish the various taxes on bank transactions in order to spark economic recovery.


These taxes are the gross receipts tax (GRT), value-added tax (VAT), documentary stamps tax (DST), and the tax on interest income.


The housing leaders also called for the abolition of the 20 percent final tax on depositors’ interest income to generate greater inflow of savings into the banking system.


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                    [ColumnID] => 133272
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abtest

Housing sector bats for 10% ceiling on bank lending rates

October 26, 2000 - 12:00am

Housing industry leaders yesterday called on the government to impose a ceiling of not more than 10 percent on bank lending rates and at the same time abolish the various taxes on bank transactions in order to spark...

Business