Defensor vows business tax discount in QC if elected
ANAKALUSUGAN party-list Rep. Mike Defensor on Sunday pledged to grant all 74,750 enterprises operating in Quezon City a five percent discount in their local business taxes so that they can start hiring back laid-off workers.
“The tax discount is just one of our highly aggressive strategies to swiftly revive all employment-generating economic activities in the city to their pre-pandemic levels,” Defensor said.
“We are counting on the discount to help businesses, especially small and medium enterprises with less than 200 workers, get back on their feet,” Defensor said.
“With the discount, the city will be putting a total of P625 million in cash back in the pockets of business owners, mostly single proprietorship shops,” Defensor said.
Defensor earlier filed his certificate of candidacy for Quezon City mayor in the 2022 elections, along with his vice mayoral running mate, former three-term Representative and now Councilor Winnie Castelo.
Registered enterprises in Quezon City paid a total of P12.5 billion in local business taxes in 2020.
“To energize household consumption spending, we will also provide P3 billion worth of direct financial aid to the jobless, informal workers, health staff, teachers, police officers, and public-sector employees,” Defensor said.
“We will stimulate not only the supply side of the local economy by helping industries produce more goods and services, but also the demand side by giving extra buying power to consumers,” Defensor said.
Defensor’s team previously unveiled their three-point economic roadmap, worth some P17 billion, to enable Quezon City to recover quickly from the COVID-19 crisis.
Besides the P3 billion in direct financial subsidy to consumers, the plan includes P5 billion in incentives to businesses and P9 billion in new local infrastructure spending to provide jobs and livelihood support to low-income families.
