tax reform

FinalDraft_TRAINRichPayLess

  TRAIN will make the rich richer – The net impact of the change in income taxes, expansion of VAT coverage, new oil excise taxes, and inflationary effect is that the highest-earning 40% of Filipino households, or 9.1 million households with some ...
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The latest survey of research group IBON showed that majority of Filipinos do not approve of almost all proposals under the first package of the Duterte administration’s proposed tax reform program. Survey respondents were informed that the government has a ...
June

Research group IBON said that the Department of Finance (DOF) should not use free education as a pretext for the Philippine Senate to pass a full version of the administration’s anti-poor tax reform package. The group also said that the ...
IBON 2017 0830 TRAIN vs poor

That the Duterte administration’s Tax Reform for Acceleration and Inclusion (TRAIN) is progressive and pro-poor is all hype. Under TRAIN the highest-earning 40% including the richest will have more money in their pockets every year, while the poorest 60% of Filipino ...
Filipinopopulation

Research group IBON said that Pres. Rodrigo Duterte’s State of the Nation (SONA) statement that “we achieved the first step towards more equitable taxes” is incorrect because the poorest majority of Filipinos will be more burdened by taxes than the ...
Illustration by Francis Busok IBON@2017

Sonny Africa Among Pres. Rodrigo Duterte’s idiosyncrasies is preferring a vulgar stream-of-consciousness approach in his speeches. This is even for the annual state of the nation address (SONA) at the opening of Congress which is undoubtedly the government’s highest-profile policy ...
Photo from villacortaaccounting.com

By Sonny Africa IBON FEATURES — The Tax Reform for Acceleration and Inclusion Act (TRAIN), the first part of the Duterte administration’s Comprehensive Tax Reform Program (CTRP), has hurdled the House of Representatives (HOR) and is up for deliberations at ...
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Research institution IBON said that government should be willing to forge a genuinely progressive tax system instead of adopting one that remains pro-rich. The group said this upon recent Congressional approval of the first part of the Department of Finance’s ...

Research group IBON said that the World Bank’s recent offer to assist the Department of Finance (DOF) with its tax reform plan, although not surprising, is unwelcome news. The World Bank with twin global financial pillar International Monetary Fund (IMF) ...
From correctphilippines.org

by Sonny Africa (First of Two Parts) The Department of Finance (DOF) will submit a tax policy reform program to Congress in September. The administration’s economic managers are using Pres. Rodrigo Duterte’s current popularity to push an unpopular pro-rich neoliberal ...

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