Chapter four gives an indepth account of revenue

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Unformatted text preview: account of revenue mobilization through property tax and business tax. It looks into the structure of taxes as stated in the Code and their implementation in practice. Chapter five looks at the problems in revenue generation of local public enterprises. Finally, I summarize the major revenue issues identified in the city of Olongapo and how they relate to the larger issue of fiscal decentralization in general. 2. FISCAL DECENTRALIZATION IN THE PHILIPPINES In 1991, the Philippines Government passed and incorporated into its constitution the Republic Act 7160, also known as the Local Government Code (LGC) of 1991. This chapter lays out the salient features of the Code, specifically those related to fiscal decentralization. It further focuses on revenue mobilization at the local level. The objective is to introduce the umbrella under which the study took place, and the prevalent organizational structure under decentralization. 2.1 Decentralization and Fiscal Decentralization in the Philippines According to a number of analysts the Philippines 1991 LGC is considered to be one of the most revolutionary local government reform laws in Asia (McCarney, 1996; Tapales, 1999). The Code gives the local units t...
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