October 10, 2023
The recent rollbacks are not likely to be sustained with the oil price hikes expected to persist until the end of the year. Now is the time for government to make more decisive and effective steps to minimize fuel costs, by removing excise and value-added taxes on oil products.
October 10, 2023
Recent oil price rollbacks barely offset the several weeks of hikes since early July. Instead of sitting idly by, the Marcos government should get rid of fuel taxes so that oil prices are lower and to curb the domino effect on the already high prices of other goods and services.
August 18, 2023
Oil taxes have burdened Filipinos whose purchasing power continues to diminish because of uncontrolled inflation and meager wages. When removed, Filipinos could be paying much cheaper for oil.
November 2, 2022
The government’s spending priorities need to be fixed. Social protection needs to be expanded to help families and sectors in need. It is also never too early to start taking steps to develop the national economy and make Filipinos less vulnerable to external economic shocks.
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 […]
July 23, 2018
In a consumer forum held in anticipation of the third State of the Nation Address, research group IBON debunked the Duterte administration’s avid defense of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The group said that contrary to government’s pronouncements, the tax program is not beneficial to the poor majority of Filipinos and […]
July 9, 2018
Research group IBON said that tax-driven inflation is making the meager wages of poor Filipinos fall even further behind the rising cost of living. The group said this makes it even more urgent for the government to immediately raise wages even as it revisits the Tax Reform for Acceleration and Inclusion (TRAIN) law behind the […]
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 […]
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 […]