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TRABAHO: Setting free an urgent reform

Yellow Pad By Jenina Joy Chavez   The House of Representatives passed the Tax Reform for Attracting Better and High-Quality Opportunities or TRABAHO Bill in early September. The first major component of TRABAHO is the reduction of the corporate income tax (CIT) rate to 20% over a period of nine years, starting 2021. The Philippines […]

Low-cost housing for the rich

Yellow Pad By Madeiline Joy Aloria   The Housing and Urban Development Coordinating Council (HUDCC) estimates that the country’s total housing backlog will accumulate to 3.6 million units by the end of 2018. For some politicians, addressing this long-existing problem means giving the most generous tax and non-tax perks to real estate developers. This is […]

PRESS RELEASE: Senate urged to oppose low tobacco tax rate in bicam bill

PRESS RELEASE 12 December 2017   Senators urged to oppose low tobacco tax rate in bicam bill   “We appeal to our pro-health senators to reject the tobacco tax provision in the tax reform bicameral report because the very low rate of increase falls short of the health goals, specifically its inadequacy to generate revenue […]

Public interest over vested interest

Yellow Pad By Jo-Ann Latuja-Diosana Protect public interest over vested interest. This is our call as the Tax Reform for Acceleration and Inclusion bill (TRAIN) is nearing to be completed in the Bicameral Conference Committee (Bicam). Some of the controversial provisions have yet to be finalized, but the tentative list of agreements signal that a […]