Philippines’ Tax Menu for Marcos: Plastics, Influencers, Crypto

Outgoing Philippine finance officials are proposing taxes on products from digital services to single-use plastics to help presumptive president Ferdinand Marcos Jr. pare down mounting debt.

The finance department has unveiled a fiscal consolidation plan that could generate an annual average revenue of 349.3 billion pesos ($6.7 billion) in the next five years, according to documents released Wednesday. The main sources include repealing exemptions on value-added tax and deferring further personal income tax cuts.

Marcos, who takes office next month, earlier said he’s against new taxes that will impact consumers still recovering from the crisis. His government faces immediate challenges, ...