The NARA Bill. What are the features of the proposed National Revenue Authority (NARA) which are new and are expected to improve revenue administration?
Creation of a Multi-sectoral Internal Revenue Board. This is its
weakest provision. It would make the BIR responsible not to any one
person, but to a “Board” where no individual member is held as individually accountable or empowered to take action. In most countries, the Secretary of the Treasury is held accountable for the
state of financing of government and the President either fires him or
he resigns if he is not able to manage it well.