Tax Reform for Acceleration and Inclusion

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 […]

January inflation partially due to TRAIN—IBON

March 2, 2018

No cash transfers to cover January inflation, with prices going even higher in the months and years to come The Department of Finance (DOF) said that January inflation was not caused by the Tax Reform for Acceleration and Inclusion (TRAIN) law. Research group IBON however points out that the new tax program definitely contributed to […]

Slow TRAIN cash transfers highlight govt’s insensitivity–IBON

February 27, 2018

The poor will get relief about three months into suffering TRAIN-induced price increases with millions of others only getting it much later  Research group IBON said that the slow implementation of the Duterte administration’s social mitigation measures including its cash subsidies highlights how these are just an afterthought to cover up how the Tax Reform […]

Double taxes on oil show govt’s lack of concern for poor – IBON

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 […]

Under TRAIN,the poorest will have less and the richest will have more (update)

January 14, 2018

The rich and other higher income groups will have larger take home pay than previously estimated under the new tax law, while the poor will still bear the brunt of paying higher taxes. The highest earning 40% or about 9.1 million households will have even more money in their pockets under the recently passed Tax […]

Even more money for the rich under TRAIN law – IBON

January 12, 2018

The rich and other higher income groups will have larger take home pay than previously estimated under the new tax law, while the poor will still bear the brunt of paying higher taxes, said research group IBON. IBON said that the highest earning 40% or about 9.1 million households will have even more money in […]

Prices will increase beyond the Christmas season

December 19, 2017

On the day that Pres Duterte signs the tax reform package, IBON underscores how TRAIN will entail price hikes on various goods and services beyond Christmas. IBON Foundation, Inc. is an independent development institution established in 1987 that provides research, education, publications, information work and advocacy support on socioeconomic issues. — Media & Communications Department […]

With Duterte’s TRAIN, poor pay higher taxes so rich can take home more

December 13, 2017

By Sonny Africa The Duterte administration’s Tax Reform for Acceleration and Inclusion (TRAIN) bill reportedly due for ratification by Congress this week burdens the poor with higher consumption taxes so that the rich can have higher take-home pay. The Department of Finance (DOF) used income tax gains for a few middle-class families as a smokescreen […]

No thanks: US behind Duterte’s anti-poor tax reform

November 13, 2017

At the onset of the much-anticipated first-ever bilateral talks between United States president Donald Trump and President Rodrigo Duterte on Philippine soil, it should be reiterated that the US has a hand in what would be the most anti-poor tax program in the country’s history. The Tax Reform for Acceleration and Inclusion (TRAIN) exemplifies how […]