Is TRAIN the culprit behind the higher inflation?

Yellow Pad By AJ Montesa Headline inflation hit 3.9%, based on the revised series, in the month of February. Some analysts find an easy culprit to blame: Tax Reform for Acceleration and Inclusion (TRAIN) or the recently passed tax reform for acceleration and inclusion. While the tax reform did introduce several new or increased excise […]

Drink (tax) responsibly

Yellow Pad By Madeiline Joy Aloria The recently passed Tax Reform for Acceleration and Inclusion (TRAIN) law raised excise taxes imposed on products such as sugar-sweetened beverages, cigarettes, and coal. These products are deemed to have harmful effects on health and/or the environment. This objective of taxation — influencing behavior for the better — has […]

Opportunities from the Tobacco Tax Inclusion in TRAIN

Yellow Pad By Arjay Mercado One unexpected development in the passage of Republic Act (RA) 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law was the last-minute addition of a tobacco excise tax increase. Health advocates were surprised by this sudden inclusion because neither the House version nor the Senate version of the […]

Inflation has become a bogeyman

Yellow Pad By Filomeno S. Sta. Ana III The recent news that the inflation rate increased from 2.7% in January 2017 to 3.95% in January 2018 (year over year or YOY) raised alarm bells. About a year ago, I wrote a similar column on inflation titled “Is current inflation worrisome?” (13 February 2017, BusinessWorld). My answer […]

Pro-health is pro-poor: Assessing TRAIN’s tax on sweetened beverages

Yellow Pad By Joshua Uyheng We are currently living amidst the implementation of RA 10963, also known as Package One of the Tax Reform for Acceleration and Inclusion (TRAIN). Among the TRAIN’s host of new and reformed taxes, of special note are the new excise taxes on sweetened beverages (SBs). Section 29 of RA 10963 […]

No regrets

Yellow Pad By Filomeno S. Sta. Ana III “No regrets,” written by Edwin Batongbacal, is the last chapter (or the penultimate one, if we count the “Afterword”) of A Time to Rise: Collective Memoirs of the Union of Democratic Filipinos (KDP or Katipunan ng mga Demokratikong Pilipino). “No regrets,” is an appropriate statement for many of the […]

Miseducating people is no different from spreading fake news

Yellow Pad By Karla Michelle Yu In the weeks that followed the passage of the Tax Reform for Acceleration and Inclusion (TRAIN), some critics, well meaning or otherwise, have lambasted it for the wrong reasons. Some of the criticisms are unfounded, misinformed, oversimplified, or exaggerated. A number of these objections are opinionated but not backed […]