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ViewpointOctober 3 2016

Why the Philippines must reform its tax system to end uneven growth

Over the past few decades, the Philippines has enjoyed stellar economic growth but its poverty rates have remained unacceptably high. Its newly appointed finance secretary explains how his tax reforms will bring an end to this situation.
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Governments everywhere are trying to grapple with the problem of uneven growth: patterns of economic development that deepen inequality and exclude large sections of the population. 

This is a problem that market forces alone cannot solve. The solution requires creative fiscal management that aims to bring the marginalised into the mainstream. 

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