“Louis Vuitton” tax inferior to billionaire wealth tax – IBON
January 19, 2023
A higher consumption tax on luxury goods is desirable but is not a substitute for a wealth tax which can raise far more revenues for social and economic development.
September 27, 2021
The Duterte administration’s economic managers have for too long been more concerned about the wealth of a few than the plight of the many. But collecting just a fraction of the huge wealth of the few is a step to redistributing wealth towards the working people who did so much to create it. Related read: […]
Use ₱133.9-billion TRAIN revenues for ayuda – IBON
August 14, 2021
The Duterte administration can use revenue generated by its regressive TRAIN law to fund emergency cash assistance. TRAIN’s new taxes increased the prices for goods and services consumed by the majority poor Filipinos even amid the pandemic and the revenues can be used productively while the law remains.