IBON Foundation
Under TRAIN, taxes are cut on the rich (TRAIN Infographic #5)
Setyembre 28, 2017
TRAIN will make the rich richer – The net impact of the change in income taxes, expansion of VAT coverage, new oil excise taxes, and inflationary effect is that the highest-earning 40% of Filipino households, or 9.1 million households with some 40 million Filipinos, will have more money in their pockets after the tax reform. This […]
Will the poor benefit from paying higher taxes?
Setyembre 25, 2017
by Audrey de Jesus Among the hyped claims of the Department of Finance (DOF) about the government’s tax reform package is how taxes paid by the poor will go back to them in the form of infrastructure projects and social services. The reality however is that the taxes will go largely to big-ticket infrastructure projects […]
Real wage falling, higher taxes imminent (with TRAIN Infographic #4)
Setyembre 19, 2017
Though welcome, the recent wage hike in the National Capital Region (NCR) does not increase the minimum wage earners’ purchasing power. The real value of the minimum wage is even falling while the people face higher taxes under government’s proposed tax reforms, said the group. The NCR Regional Wage Board recently announced a Php21 wage hike, […]
IBON: DOF insistence on its tax package confirms anti-poor, pro-rich Dutertenomics
Setyembre 15, 2017
Research group IBON said that the Department of Finance’s (DOF) resistance to even minor changes in its proposed tax reform program confirms the anti-poor and pro-rich character of the Duterte administration’s economic policies. The Senate Ways and Means Committee proposed minor changes to shift some tax burden from the poor to the rich at its […]
Majority not in favor of tax reform proposals – IBON Survey
Setyembre 13, 2017
The latest survey of research group IBON showed that majority of Filipinos do not approve of almost all proposals under the first package of the Duterte administration’s proposed tax reform program. Survey respondents were informed that the government has a proposed tax reform package. They were presented with a list of some of the tax […]
Under TRAIN, the majority poor do not gain from income tax reforms (TRAIN Infographic #3)
Setyembre 11, 2017
The DOF’s estimates of personal income tax gains for the poorest Filipinos erroneously assumes that the poorest Filipinos currently pay income tax. This is untrue because the BIR’s records indicate only some 5.6 million taxpayers at present who are wholly from the highest income brackets. The poorest Filipinos do not pay income tax now so, contrary […]
COMP attempting to greenwash dirty mining practices — IBON
Setyembre 7, 2017
Research group IBON said that the plan of the Chamber of Mines of the Philippines (COMP) to adopt a Canadian mining organization’s sustainable mining measures indicates that it is trying to greenwash the Philippine mining industry’s negative image. But Canadian mining corporations are notorious for their dirty operations globally, IBON pointed out, which have led […]
Under TRAIN, the poor bear the greater burden (TRAIN Infographic #2)
Setyembre 7, 2017
Under the tax ‘reform’ package which is currently being deliberated by the Philippine Senate, the poorest 60 million Filipinos will pay Php47.0 billion in additional taxes next year which is 2.3% of their combined family income of some Php2.0 trillion. The highest income 40%, meanwhile, will pay Php47.6 billion which is only 0.8% of their total family […]
RCEP: Giving Up Sovereignty and Development
Setyembre 4, 2017
IBON Foundation Statement for the Regional Comprehensive Economic Partnership (RCEP) Stakeholder Consultation Interface with DTI and Key Agencies Manila, September 4, 2017 IBON welcomes this opportunity to interact with the DTI and key agencies on their negotiations for the Philippines on the RCEP. We look forward to hearing from our country’s negotiators. We also continue to […]
