On Melting Coins and Negative Seignorage
We're running out of coins!
: Do Filipinos really pay the highest taxes among ASEAN countries?'
Congress is moving to lower income tax rates for Filipinos, with impetus from a report by the Tax Management Association of the Philippines (TMAP) asserting that Filipinos pay the highest income tax rates in Southeast Asia. Let's investigate this claim and determine whether the argument holds water.