Multilateral headquarters differ on employee taxation

Guests and staff mingle at the Asian Development Bank headquarters in Manila, Philippines. How do multilateral development banks handle their employees' taxes? Photo by: Eliza Villarino

In 2013, local staff of the Manila-headquartered Asian Development Bank were caught in a firestorm.

As part of a concerted national government effort to minimize tax evasion and increase revenues, the Philippine government tax agency, the Bureau of Internal Revenue, launched aggressive and high-profile collection campaigns against various segments of the professional class, including doctors, lawyers and celebrities. The government’s clear strategy and goal was to catch a few big and visible fish, which would then raise public awareness and encourage more professionals to pay their due share of taxes.

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About the author

  • Lean 2

    Lean Alfred Santos

    Lean Alfred Santos is a Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. Prior to joining Devex, he covered Philippine and international business and economic news, sports and politics. Lean is based in Manila.

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