Job losses were expected as a result of the Duterte administration’s second tax reform package, which seeks to lower corporate income tax and remove tax incentives for select businesses, according to an official of the Department of Labor and Employment (Dole). “We’re looking at some [job losses],” Dominique Tutay, director of the Dole’s Bureau of Local Employment, said at a Senate hearing on the tax reform bill. ADVERTISEMENTTutay said the job losses could hit the industry and services sector, including technology-driven industries. “If you’re saying there will be people who will lose their jobs, it’s contradicting the objective of the bill,” Gatchalian said. “It’s really creating a lot of confusion whether this bill will actually create jobs or will reduce jobs,” he said.

Source: Philippine Daily Inquirer September 25, 2018 21:36 UTC