PBBM vetoes bill that sought tax exemptions on allowances given for services rendered during elections

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Cites impact on revenue loss, inequitability of such tax exemptions   (Eagle News) – President Ferdinand Marcos Jr., has vetoed the bill that sought to exempt from taxes the allowances and financial benefits of persons serving during elections, saying that the impact of the revenue loss from this was “too substantial.” Palace press secretary Trixie Cruz-Angeles said that the President vetoed House Bill No. 9652 and Senate Bill No. 2520, also known as “An Act […]