Tax Evasion in the Philippines

in Business Risk, Environmental Threats

An estimated $20 Billion a year is lost in tax revenue in the Philippines due to black market smuggling.

Commodities such as petroleum, rice and fertilizer are among the items that avoid taxes.

Source:  Cai Ordinario, “‘PH loses $20-B to smuggling each year’,” Rappler, February 26, 2013.

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