Economics

New Taxes Are a Double-Edged Sword as Frugal Philippines Eyes Stimulus

Government can afford only $3.6 billion more in new stimulus
Proposals include taxing Netflix, raising road fees for cars

A pedestrian wears a protective face mask while walking across an overpass in Pasay City, Metro Manila, the Philippines, on June 16. — A pedestrian wears a protective face mask while walking across an overpass in Pasay City, Metro Manila, the Philippines, on June 16.
Photographer: Veejay Villafranca/Bloomberg

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By Siegfrid Alegado and Claire Jiao

June 17, 2020 at 9:00 PM UTC

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The Philippines is weighing a bevy of new taxes to fund anti-virus economic stimulus -- with the risk that these levies could slow activity even further.