By Doris DumlaoInquirerLast updated 00:35am (Mla time) 04/11/2007
MANILA, Philippines -- The government should tax income remittances from overseas Filipino workers (OFWs) and use the proceeds to shore up the productivity of workers left behind, a study by De La Salle University’s business and economics experts has proposed.
The research, titled “The Economic Impacts of International Migration: A Case Study on the Philippines,” written by Tereso Tullao, Michael Angelo Cortez and Edward See, said: “The possibility of increasing and internalizing the cost of international migration may be considered to reduce the economic ills it has generated. Such a move can arrest the possible hollowing effects on industries and mitigate the loss in international competition.” [Read more]
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