Winnie Monsod’s recent series of Philippine Daily Inquirer (PDI) columns on the tax reform bill (House Bill 5636 or TRAIN, which stands for Tax Reform for Acceleration and Inclusion) has stirred debate. The position of Action for Economic Reforms, Foundation for Economic Freedom and like-minded groups is that despite the bill’s imperfection (legislation of a […]
Civil society group supports automobile excise tax reform “We believe that having cars is a luxury while public transportation is a right. Only six percent of households in the Philippines own a car while the rest only have access to poor and inadequate mass transport systems,” said Jo-Ann Diosana, AER Senior Economist. AER […]
The House of Representatives has finally passed on third reading the first package of the comprehensive tax reform program called TRAIN (which stands for Tax Reform for Acceleration and Inclusion). Those earnestly advocating TRAIN thought that the bill would be badly compromised. Vested interests inside and outside the House opposed it. Particularly hard to pass […]
House approval of tax reform lauded; Opposition to tax reforms is anti-poor – civil society group Action for Economic Reforms (AER), a policy advocacy group, lauds the members of the House of Representatives for passing on third reading the Tax Reform for Acceleration and Inclusion (TRAIN). According to AER, House Bill 5636 adopts […]
Action for Economic Reforms (AER) urges President Rodrigo Duterte to implement existing law in dealing with Mighty Corporation’s tax evasion case instead of unlawfully settling with a measly P3 billion. “We welcome efforts of the government to charge Mighty Corp. for tax evasion. The company must be made to face the court and if found […]
With the global economy reeling from the 2008 financial crisis, the G20 at the London Summit seemingly took bold decisive action on tax havens. Two years on, with the world’s attention on the Eurocrisis, the G20 have again reiterated strongly the need for further tax transparency. With the political will in place, we need to evaluate how the G20 delivers real progress.