Cayetano open to lower corporate income tax

MANILA, Philippines---Senator Pia Cayetano on Wednesday said she is open to lowering corporate income tax rates in the country, noting that high tax rates in the Philippines paint a "not very inviting picture to investors."   Cayetano said this a week after a key tax reform bill that cuts corporate income tax rates hurdled the committee level of the House of Representatives.   READ: House panel OKs bill lowering corporate tax, fixing incentives for businesses   The senator chairs the Senate Committee on Ways and Means, the panel in charge of tackling tax-related measures in the upper chamber.   "We have one of the highest tax rates in corpo...

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