'Noynoy' vows to create better business climate, abolish anti-poor taxes

January 21, 2010 11:00 pm 

By Mediatrix P. Cristobal

MANILA, Jan. 21 — Liberal Party standard bearer Senator Benigno “Noynoy” S. Aquino III has vowed to revamp Philippine economy by abolishing unnecessary taxes and creating a business-friendly environment.

“My vision is to transform our country into one where we have lower tax rates enjoyed by all, rather than have some enjoy absolute tax exemptions while we burden the rest of the economy with very high taxes,” he told businessmen at the Makati Business Club's (MBC) general membership meeting at the Peninsula Manila Hotel in Makati City.

Aquino said that his administration will “encourage free and fair competition in a level playing field. One not need be a crony in order to succeed in the field of business.”

He vowed to streamline the approval process for setting up businesses as well as for regular transactions such as the payment of taxes. Other goals of his administration if elected, are curbing smuggling and reforming the process of tax administration.

Aquino outlined his concrete plans for the economy, before 800 senior executives representing nearly 450 of the country's largest corporations, saying that “good governance and the drive against corruption are critical components to the strategy.”

Aquino said he will order local government units and the government's infrastructure agencies to cooperate with the private sector to bring about “a public infrastructure program” that would transform “infrastructure projects from sources of waste and scandal into examples of cooperation and efficiency.”

He also said if he wins, his administration will work on a complete review of all the Department of Agriculture's programs to eliminate “leaks” so the department can support efforts such as supply chain management that “minimizes losses, creates jobs, consults with stakeholders, and capitalizes in our competitive advantage.”

Aquino called on the MBC to “insist, always, that we are not a nation of crooks, of thieves, of murderers who get off scot-free and where justice is won by the highest bidder,” and asked the business leaders to join him in the “journey towards transformation.”

The current leader in all the major national presidential surveys urged business leaders to join him in bringing about “a government committed to a transformation: from a society overwhelmingly poor to one overwhelmingly middle class.” The senator noted that the world's most progressive democracies have substantial populations of middle-class citizens.

Quoting a movie directed by Clint Eastwood, “Invictus,” which depicts the struggle of Nelson Mandela, South Africa's first black president, Aquino noted: “In order to rebuild our nation, we must exceed our own expectations.”

To lead the transformation, you cannot be part of the problem, he said. (PNA) LAP/MPC


Comments are closed.