This paper estimates that 40 centavos out of every 1 peso in potential revenues is lost to corruption in the Philippine Bureau of Customs. Ending the “corruption finance” propagated through tax leakages in the BOC could be good in and of itself for the country, but international evidence and...

This paper examines possible reforms in the income tax regime of the Philippines, highlighting some of the proposals recently discussed in the Philippine legislature. Because it will focus only on income taxes, it will stop short of assessing what might be considered an optimal tax structure....

At the Philippine Bureau of Customs, given the present high risk of systematic undervaluation, improving the accuracy and precision of import valuation will most likely contribute to increased government revenues. More importantly, this can also help shore up importers' support for present...