Taxation and Trade Regulations in the ASEAN

This is my paper presented during the Stratbase Forum on ASEAN Competitiveness last July 23, 2014 in Makati City, Philippines. ,Stratbase Research Institute, renamed as Albert del Rosario Institute, published this last August 05, 2014.

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The 11-slides presentation including 9 tables and 2 charts is posted in slideshare. Posting 4 of 9 tables and 2 charts here.

Table 1. Major Taxes in the ASEAN, 2013

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Source: KPMG, 2013.ASEAN Tax Guide, Overview, p. 10.

Acronyms below: CEPT – Common Effective Preferential Tariff;

CLMV – Cambodia, Laos, Myanmar, Viet Nam

ASEAN 5 – Indonesia, Malaysia, Philippines, Singapore, Thailand.

Chart 1. Intra-ASEAN Preferential Tariffs, Average CEPT Rates,1993-2012, in Percent

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Source: ASEAN Secretariat and the WB, 2013. ASEAN Integration Monitoring Report

Table 5. Mechandise Exports, in $ Billion
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Source: ADB, Key Indicators for Asia and the Pacific 2013,www.adb.org/statistics

Chart 2. Non-Tariff Measures (NTMs) in ASEAN by Type — Officially Notified

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Source: ASEAN Secretariat and the WB, 2013. ASEAN Integration Monitoring Report

Table 6. Ease or Unease of International Trade, ASEAN-9.

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Source: WB-IFC, Doing Business 2014 Report

Concluding Notes

  1. The Philippines and other Asian economies need to reduce and simplify their tax rates. Tax competition…
  1. The Philippines and other Asian economies need to reduce bureaucracies that affect business. Entrepreneurship and job creation is not a criminal act …
  1. Free trade results in cheaper products and services for the participating economies…
  1. High number of laws in each country can be a hindrance to rule of law. If one will consider national or federal laws + state or provincial laws + city or municipal laws + village/barangay laws… Executive Orders, Administrative Orders… one is talking about tens of thousands of laws and orders….
  1. To encourage economic competitiveness of the Philippines and the rest of ASEAN, they need less taxation and business regulations, more trade and rule of law.
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