May 24, 2018
Government is wrong in downplaying the contribution of the Tax Reform for Acceleration and Inclusion (TRAIN) law on recent big-time oil price hikes, research group IBON said. The price of fuel products combined with the TRAIN increased since year-end 2017 to Php10.20 per liter for diesel, Php11.41 for kerosene, and Php15.14 for gasoline this week. […]
April 9, 2018
While the change in global oil prices and peso depreciation were factors in recent inflation, TRAIN also already increased the prices of oil products, sugar sweetened beverages and other goods and services. The public has been feeling the weight of price hikes as early as January.
February 23, 2018
Slapping additional taxes on oil products makes the Tax Reform for Acceleration and Inclusion (TRAIN) law anti-poor, research group IBON said. Contrary to the argument that the new law is ‘fair’, the group said that these oil taxes should be scrapped for the benefit of millions of Filipinos who will otherwise continue to suffer the […]