71. The government is still trying to raise funds by improving tax collections. 72. The International Monetary Fund fears the Philippines will suffer a large budget deficit this year unless steps are taken to improve tax collection, according to a finance official. 73. The new president says he will restore state finances by improving tax collection, encourage investment from Armenians living abroad, reopen factories and raise wages and pensions. 74. The lower house is dominated by the Communist Party, which opposes the program to cut the deficit and improve tax collection. 75. The new government tightened financial discipline, improved tax collection and speeded long-stalled privatization programs to sell state companies which were draining the treasury. 76. The reform, passed into law in December after an arduous political struggle, aims at improving revenue collection by making more people pay taxes. 77. The tax reform package aims to improve collection and spark investment in the shrinking economy by easing the burden on businesses. 78. The Tax Service also wants to tighten control over licensing distilleries, limit imports and boost minimum vodka prices to improve revenue collections. 79. There are also plans to improve tax collection. 80. Top priorities in any new Communist government would be to lower taxes while improving tax collection and to fight corruption. |
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