Abstract
THE TRUISM "haste makes waste" sums up the author's tirade on hasty tax legislation during the authoritarian rule of deposed President Ferdinand E. Marcos. Geared toward improving the system of tax collection and generating additional revenues, certain "innovative" tax measures, conceived and implemented by the Marcos think tanks in haste, resulted all the more in loss of government revenues, allowing individual and corporate tax-payers to reduce their tax burden through glaring loopholes in the law. The author dwells, among others, on the pitfalls of tax legislation relative to transfer, excise, and graduated annual fixed taxes during Marcos one-man-rule.
Recommended Citation
Karunungan, Ruben E.
(1987)
"The Pitfalls of Tax Legislation,"
DLSU Business & Economics Review: Vol. 1:
No.
1, Article 4.
DOI: https://doi.org/10.59588/2243-786X.1647
Available at:
https://animorepository.dlsu.edu.ph/ber/vol1/iss1/4
