Friday, October 14, 2005

Makati to attract investors

I came across this article while reading the Philippine Daily Inquirer today. The article was written by Tarra V. Quismundo. It would seem that the government of Makati City is drafting local legislation, which would exempt certain businesses from paying business and realty taxes, designed to maintain and attract investors. Seems fair enough, until you read the rest of the article. The following link will take you to : Makati offers tax breaks to lure businesses After reading the article, two things came to mind: One, This seems to be the city's deodorant to the planned changing of business tax from the present municipal to city level. Two, Makati would probably keep its businesses and attract new investors if it refrains from using the Central Business District for political theatre; stop using Ayala Avenue and Paseo de Roxas for Binay's rallies.


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