November 5, 2021
October 23, 2021
Suspending oil excise taxes, can ease the burden of rising prices on ordinary Filipinos, and revenue losses can be compensated by suspending corporate tax cuts. These can be the start of a more progressive tax system and a prelude to better regulation and control over the country’s oil industry.
December 4, 2018
Research group IBON said that even with recent oil price rollbacks, the Duterte administration’s Tax Reform for Acceleration and Inclusion law (TRAIN) increases fuel prices with an inflationary effect burdening the poor more than the rich. IBON pointed out that rollbacks have always been proven to be temporary and stressed that TRAIN’s taxes make fuel […]
October 31, 2018
Research group IBON said that jeepney drivers and their families have suffered huge income losses from rising pump prices on top of facing rising prices of basic goods and services. The initial and impending fare hikes give immediate relief but only temporarily. Fare hikes only worsen the burden on commuters and the government needs to […]