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Tag: peso depreciation

Dubai crude trigger price to suspend TRAIN oil taxes already reached, IBON observed

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 […]

Govt’s TRAIN to blame for highest inflation in nearly 10 years — IBON

July 5, 2018

Research group IBON said that the government’s insistence on higher taxes especially on the poor is among the factors driving inflation rates to their highest in nearly a decade. The group said that runaway inflation is due to the peso depreciation and rising global oil prices combined with the Tax Reform for Acceleration and Inclusion […]

Greater burden due to TRAIN

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.