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" "We should consider lowering our income tax rates to equal Hongkong or Vietnam or Thailand. One of the major reasons why many locators do not like the Philippines is because they would have to pay their executives more takeout to equalize take home pay. For example, Hongkong has a tax rate of 17% while our marginal income tax rate is 32%.
Francis Escudero (born October 10, 1969) is a Filipino politician.
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We must give our children the equal opportunity to develop their minds and bodies to the fullest. We will continue, even expand, the conditional cash transfers (or CCT's) to the poorest families so that their children will have the means to get to school and the nutrition to support a healthy brain - and body. We must cut down drastically that 34% drop-out rate in primary grades.
• Special Provision on the Provision and Maintenance of Basic Educational Facilities was amended to reflect changes in the distribution of the appropriations and the inclusion of an amount for the annual payment of school buildings constructed by the NHA. Likewise, the said provision also allows the DepEd to deduct a 0.5% engineering and administrative overhead (EAO) on the project cost.