SEC expresses support to lower stock transaction tax bill

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SEC expresses support to lower stock transaction tax bill
Transcript
00:00 The Securities and Exchange Commission supports the lower stock transaction tax bill.
00:05 House Bill No. 8958, or the proposed Capital Markets Efficiency Promotion Act, was filed
00:11 by Albay's 2nd District Representative Joey Salceda to lower taxes on stock transactions
00:17 to lure more local and foreign investors into the Philippine capital market.
00:22 Meanwhile, according to SEC Chairperson Emilio Aquino, they recognize the efforts of the
00:28 legislators in nurturing the country's capital market to enhance the lives of all Filipinos.

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