Philippine E-Journals

Towards a Coordinated Taxation Policy in an Integrated ASEAN Regime

Mc Reynald S. Banderlipe Ii

 

Abstract:

The integration of many countries into a single economic community opens doors of opportunities for its members to achieve their goals on development. As both small and large economies benefit from the increased openness to trade and from a more open system of liberalized markets, such move unifies the actions of the different member countries to strengthen their position towards competitiveness by improving efficiency through enhanced economies of scale. When taken as a whole, an integrated economic community can seek better prospects for accessing greater capital and technology that serves as the main drivers of economic growth.