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WATCH: What will happen if we abolish VAT? Philippine Institute for Development Studies Senior Research Fellow John Paolo Rivera discusses the risks of abolishing VAT in the country. In an interview, he explained that VAT remains to be one of the most efficient and broad based sources of our revenue. Thus, abolishing it without credible and sufficient replacement could destabilize our fiscal policy and reduce our fiscal space. Among others, this will particularly affect our public education, hea
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