The World Bank Group logo is seen on the building of the Washington-based global development lender in Washington on January 17, 2019. (FILE photo by Eric BARADAT / Agence France-Presse)
MANILA, Philippines — The World Bank (WB) urged the Philippines to broaden its tax base, saying stronger revenue collection is essential to meet the growing fiscal demands of an economy that has recently entered the ranks of upper-middle-income countries.
Jaffar Al-Rikabi, the World Bank’s senior country economist for the Philippines, said the country’s tax system was riddled with inefficiencies that keep collections below their potential.
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