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Philippines has much to do before it can launch a successful tax amnesty, says CS

The Philippines’ banking secrecy laws, and the fact that it is not yet a signatory to the automatic exchange of information (AEOI) scheme, means the island nation “has some way to go” before it can implement an effective tax amnesty programme, says Credit Suisse economist Michael Wan. The Philippines plans to follow the lead of Indonesia, which concluded a nine-month…

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