The Benefits of Local Taxation in the City of Muntinlupa, Philippines

Abstract

Local taxes are used as source of funds to exercise and implement the projects and services of the local government unit. The City of Muntinlupa as envisions itself to become one of the leading investment hubs in the Philippines made serious efforts to indeed attract local and international businesses to the city. This paper will discuss the benefits of local taxation that favorable and beneficial for the welfare of the people or the public that contributes to deliver basic services for education that benefitted scholars through financial assistance, free tuition fees and scholarships, health program that provides medical subsidy to citizens, livelihood and employment that conducted entrepreneurial trainings and business consultations, peace and order to decrease crime rates in the City, protection for the environment such as coastal and river-clean up drives activities, socialized housing, economic development that still grows through increasing number of business establishments from local to foreign companies, and good local governance and administration under the rule of transparent, caring, and accountable leadership.

Keywords: Local Government; Local Taxation; Good Governance; Public Fiscal Administration; Economic Development

Australian Academy of Accounting and Finance Review, vol 4, issue 2, April 2018, pp 80-88