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Economy

Philippine tax reform will add to Duterte's infrastructure war chest

Plan to raise levies while lowering income tax expected to add $1.78bn yearly

Ushering in the Philippines' "golden age of infrastructure" will see the government spend in the region of $160 billion by 2022. (Photo by Ken Kobayashi)

MANILA The Philippines has paved the way for a massive infrastructure program, as parliament on Dec. 13 formally approved the first phase of President Rodrigo Duterte's tax reforms.

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