Tag: Tax Reform for Acceleration and Inclusion

IBON questions CITIRA job creation claims

October 3, 2019

Research group IBON said the Department of Finance’s (DOF) claim of over a million jobs to be created by corporate income tax cuts under the proposed Corporate Income Tax and Incentives Rationalization Act (CITIRA) is imaginary. The group said that the DOF is hyping job creation to justify implementation of regressive tax measures. CITIRA will […]

How do the senatoriables fare?: TRAIN LAW

March 22, 2019

WHO’S SCARED TO DEBATE THE TRAIN LAW? The TRAIN Law implemented since 2018 increased the tax burden on tens of millions of the poorest Filipinos while lowering taxes on higher income families including the country’s richest. Some lawmakers have reconsidered but others still defend the indefensible. Most aspiring senators are justifiably critical. Who’s who?

Repeal TRAIN to moderate impact of fuel prices

December 13, 2018

Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON

Poorest 60% of households suffer income loss due to TRAIN

December 13, 2018

Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON

Next fuel excise tax tranche will sustain high prices

December 13, 2018

Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON

Fuel prices would be even lower if not for TRAIN

December 13, 2018

Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON

Despite rollbacks, TRAIN makes fuel more expensive–IBON

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 […]

TRAIN-1B tax amnesty worsens PH tax inequities

November 27, 2018

The Duterte administration is set to make the country’s tax system even more regressive and inequitable with the looming passage into law of Tax Reform for Acceleration and Inclusion (TRAIN) Package 1B which is yet another tax amnesty package for the rich. Research group IBON said that TRAIN-1B rewards tax delinquents for bad behavior and […]