Roxas suggests adding tax incentives for BPO companies to train workers
Incentives will help the BPO industry keep up with present-day challenges, including artificial intelligence, machine learning, and big data, says the senatorial candidate.
MANILA, Philippines – Senatorial candidate Mar Roxas suggested giving incentives to companies, which would train their employees to allow the country’s business process outsourcing (BPO) industry to reinvent itself.
The former trade secretary answered questions from BPO workers about the prospects of the industry in a forum held at the Novotel Manila Araneta Center on Thursday evening, April 11.
Asked what must be done to build on the skills of BPO employees, Roxas proposed rewarding companies that would train workers with additional tax incentives. He also disagrees with removing existing tax exemptions in the BPO industry.
“Proven na ‘yong business model [that] coming to the Philippines is a good idea. Hindi na natin sila kailangang i-incentivize na pumunta dito. Ang dapat nating gawin palitan natin ‘yong incentive…. incentivize natin sila na i-train ‘yong mga tao nila for the next-level process and the next-level jobs,” said Roxas, who is credited for helping bring the BPO industry to the Philippines in 2000.
(The business model that coming to the Philippines is a good idea has already been proven. We no longer need to incentivize them to come here. What we need to do is to change the incentives…. Let’s incentivize them to train their people for the next-level process and the next-level jobs.)
“It’s in their interest to train their workers to move up. So, in that case, we can incentivze the training of Filipinos. The companies themselves will do the training, and the incentive will be a deduction or double deduction in their taxes,” he added.