REDUCING OPPORTUNITIES FOR CORRUPTION
Through policy reforms and deregulation, noteworthy progress has been made in the last 10 years to reduce opportunities for corruption, but much more can be done.
Opportune areas for policy reform in the Philippines include:
• tax policy (for example, preferential tariffs, exemptions, investment incentives) and administration (for example, tax audits)
• regulation of infrastructure services and public utilities such as power, telecommunications, water, aviation (for example, granting of franchises, government guarantees, competitive arrangements)
• corporate governance reforms, particularly in the financial services area
• environmental and land use regulations
• import and trade arrangements.