Real tax leakages Why the Philippines must go after unexplained wealth

THE Philippines does not simply have a taxation problem. It has a public trust issue. Despite years of tax reforms, digitalization initiatives and modernization programs, many Filipinos still feel the system is unfair. Salaried employees and compliant businesses continue to pay taxes at source while some politically connected individuals, corrupt public officials, smugglers, money launderers and large-scale tax evaders continue to accumulate enormous wealth with little accountability. The countr