January 5, 2023
December inflation has pushed the family living wage (FLW) for a family of five to an average of Php1,146 nationwide. The average daily nominal wage of Php404 nationwide is just one-third (35.3%) of the nationwide FLW. In the National Capital Region (NCR), the FLW for a family of five rose to Php1,145. The daily nominal wage in NCR is however not even half (49.8%) this.
October 4, 2018
The government is already obliged to start considering suspension of its oil excise taxes as provided for under the Tax Reform for Acceleration and Inclusion (TRAIN) law, said research group IBON. The group said that oil prices have in effect already reached the trigger price for suspending excise taxes as provided in Republic Act 10963 or […]
October 3, 2018
The higher oil excise taxes of the Duterte administration’s Tax Reform for Acceleration and Inclusion (TRAIN) is a greater burden on the poor and middle class than the rich, said research group IBON. The poor and middle class, even those few with gains from personal income tax cuts, will suffer cuts in their standard of […]