The Foundation for Economic Freedom is a non-profit organization with a board of advisers and trustees that advocates for lower personal income tax rates, adjustments to tax brackets, and alignment of corporate tax rates with other ASEAN countries. They support recent moves in the House and Senate to pass legislation lowering taxes. Lower taxes are needed for fairness, equity and competitiveness since inflation has pushed many into higher tax brackets and the country has the highest individual and corporate tax rates in the region. The organization also supports identifying progressive and simple compensatory revenue measures for the government.

1. Foundation for Economic Freedom, Inc.
BOARD OF ADVISERS:
Gerardo Sicat
Cesar A. Virata
BOARD OF TRUSTEES:
Roberto De Ocampo
Chairman
Romeo Bernardo
Vice-Chairman
Calixto Chikiamco
President
Ernest Leung
Treasurer
Atty. Ricardo Balatbat III
Corporate Secretary
Anthony Abad
Art Corpuz
Eduardo Gana
Felipe Medalla
Vaughn Montes
Simon Paterno
Gloria Tan-Climaco
Francis Varela (†)
Atty. Ricardo Balatbat III
Executive Director
105 Philippine Social Science Center (PSSC) Commonwealth Ave., Diliman, Quezon City
Telefax: (632) 4532375 (Main Office) Tel No.: (632) 8939602 (Accounting)
Website: www.fef.org.ph Email: fefphilippines@gmail.com / fef@fef.org.ph
FEF POSITION ON LOWERING INCOME TAX RATES
We, the Foundation for Economic Freedom, support moves in the House and the
Senate to lower personal individual tax rates, to adjust tax brackets, and to slowly align
corporate tax rates with the rest of ASEAN.
Inflation has pushed up the majority of fixed income earners to the highest tax
brackets. The country has the highest individual tax and corporate tax rates in the region, thus,
in the interest of fairness, equity, and competitiveness, new tax rates need to be legislated.
FEF also supports moves for government to look into compensatory revenue-raising
measures that are progressive and simple to administer.
Release Date: September 17, 2015
For more information, please check our website: www.fef.org.ph, or contact the following:
Ranna Pintor, Program Officer – rannapintor@yahoo.com / +63 2 453 2375