Is High Taxation here to stay?

This article explores the impact of high taxes in the Philippines as a means of controlling inflation and their effects on private clients. It examines the Comprehensive Tax Reform Program (CTRP), highlighting key initiatives such as the TRAIN Act and the Sin Tax Reform Law, which aim to create a more equitable tax system while encouraging economic growth. Additionally, the article discusses the rise of Collective Investment Schemes (CIS) and the ongoing complexities in wealth management influenced by political and economic factors. As the Philippines works to enhance its financial landscape, understanding these dynamics becomes crucial for both investors and regulatory bodies.