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Philippines pushes property valuation reform to boost local investment
Finance Secretary Frederick Go urged local governments to adopt uniform property valuations, saying the reform will make communities fairer to taxpayers and more attractive to investors.
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The Department of Finance is pressing local governments to fully implement the Real Property Valuation and Assessment Reform Act, a law that standardizes property assessments across the country.
Speaking at a national forum in Manila, Finance Secretary Frederick Go told governors and mayors the reform would make their localities "fair to taxpayers, trusted by investors, and easier to do business in."