The proposal creates a new tax that makes large foreign‑owned companies pay at least a 15 % effective tax on profits earned in the Philippines; the money raised will be put into the national budget and then used to fund grants and subsidies that help attract high‑value projects.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB11114. Status changes over time; check the link for the latest.
HB11114 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.