Tag: tax

TRAIN: risk or opportunity?

January 23, 2018

By Dindo Manhit Philippine Daily Inquirer | January 23, 2018   When President Duterte signed the Tax Reform for Acceleration and Inclusion (TRAIN) Act into law last December, a number of leading economists lauded the move. After all, the first package of the tax reform law is arguably the Duterte administration’s most important legislative victory […]

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Categories: Dindo Manhit / Opinion

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The Gravy TRAIN is leaving and common sense isn’t in it

December 4, 2017

INTROSPECTIVE by Romeo Bernardo Business World | December 4, 2017   Otto von Bismarck once said that “laws are like sausages. Better not to see them being made.” No one would agree more than observers of the ongoing TRAIN legislation. The just released Senate version illustrates the point. New ingredients surreptitiously found their way into […]

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Categories: Opinion / Romeo Bernardo

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Economists: Senate’s diluted tax package can’t help poor

October 30, 2017

October 30, 2017 An advocacy group for good economic governance has appealed to the Senate to reassess its stance on fuel taxes and other tax exemptions in order to preserve the revenue and infrastructure goals of the Duterte administration. In a press statement, the Foundation for Economic Freedom (FEF) aired concern that the revenue projection […]

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Categories: FEF / FEF Press Release / News

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Economists urge retention of TRAIN revenue goal

October 28, 2017

October 28, 2017 MANILA, Philippines — The Foundation for Economic Freedom (FEF) has appealed to the Senate to preserve the revenue goals of the first package of the tax reform program,which it claims are essential in funding the key programs of the Duterte administration. In a statement, FEF said it fully supports the passage of […]

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Categories: FEF / FEF Press Release / News

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Bye bye, Build Build Build?

October 2, 2017

INTROSPECTIVE by Romeo L. Bernardo Business World | October 2, 2017   The Tax Reform for Acceleration and Inclusion (TRAIN) has been billed as the administration’s flagship legislation for achieving sustainable seven percent growth, generating investments and jobs,and reducing poverty. If TRAIN is derailed — kiss Build, Build, Build, bye bye. There is some concern […]

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Categories: Opinion / Romeo Bernardo

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Economists appeal against dilution of PH tax reform package

September 15, 2017

September 15, 2017 The Foundation for Economic Freedom (FEF), an advocacy group for good economic governance and market-friendly reforms, has appealed to the Senate to adopt the Duterte administration’s tax reform framework, noting this package would help the country sustain an annual economic growth of at least 7 percent in the coming years. “We fully […]

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Categories: FEF / FEF Press Release / News

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Tax measure TRAIN to expand middle class, economically empower poor families—solon

February 10, 2017

January 27, 2017   The proposed Tax Reform for Acceleration and Inclusion (Train) law will dramatically reduce personal-income tax (PIT) for low-salaried wage earners and provide an additional P6,000 per year to some 7.5 million poorest families in the country and P3,000 to 5 million more. This represents the single largest direct wealth transfer estimated […]

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Categories: FEF / News

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Do it all together

January 12, 2017

LIKE IT IS by Peter Wallace (Philippine Daily Inquirer) January 12, 2017   I don’t understand the rationale behind amending taxes in two phases. The first phase addresses personal taxes and estate and donor taxes, and the second, corporate, property and other taxes (e.g., carbon tax, lottery and casino tax, etc.). Instituting changes in a […]

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Categories: Opinion / Peter Wallace

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The tax reform program: Social and economic implications

December 12, 2016

CROSSROADS (Toward Philippine Economic And Social Progress) By Gerardo P. Sicat  (Philippine Star) December 7, 2016   More elaboration is coming out from the Duterte government concerning the tax reform package now in Congress. In particular, I refer to Tax Reform Package 1. A more simple and efficient tax system. The proposals seek, first, a […]

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Categories: Gerardo Sicat / Opinion

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New tobacco tax being railroaded

December 12, 2016

DEMAND AND SUPPLY by Boo Chanco (Philippine Star) December 9, 2016   It takes a long time for bills to pass Congress except when there are enough incentives (wink wink) for our legislators to act quickly. A newly filed bill was passed on second reading last Wednesday in just two meetings in less than a week. Amazing! […]

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Categories: Boo Chanco / Opinion

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