English: As filed by Gatchalian, the proposed PIFITA measure will essentially cut the cost of raising capital and debt by reducing the number of tax bases and rates applicable to passive income, financial intermediaries, and financial transactions.
Filipino: Babawasan ng panukalang PIFITA ni Gatchalian ang halaga ng pagpapataas ng kapital at utang sa pamamagitan ng pagbabawas ng bilang ng mga tax base ng buwis at mga rate na naaangkop sa passive income, financial intermediaries, at financial transactions.