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Advancing fiscal incentive reform

Yellow Pad By Filomeno S. Sta. Ana III   THE rationalization of fiscal incentives is a long-overdue reform. It is a necessary reform for several reasons. The current regime of incentives has resulted in the loss of huge potential revenues every year. In 2016 alone, the foregone revenues amounted to P178.56 billion. The Philippines has […]

The SONA: a ranking of preferences

Yellow Pad By Filomeno S. Sta. Ana III   Rodrigo Duterte’s 2018 State of the Nation Address (SONA) addressed a lot of issues. And depending on your values, beliefs and advocacy, one would either slam Duterte or begrudgingly recognize parts of his reform agenda. But it is not merely a question of counting what is […]

Insights into the World Bank’s Insights

Yellow Pad By Filomeno S. Sta. Ana III   The World Bank has come out with a Philippine poverty assessment report titled Making Growth Work for the Poor (2018). It works on the assumption, now an adage, that growth is a necessary but insufficient condition to reduce poverty. The publication has loads of information, drawn […]

The tragic consequences of suspending the oil excise tax

Yellow Pad By Filomeno S. Sta. Ana III   Some quarters led by politicians (it doesn’t matter whether the politicians are pro-administration or anti-administration) have called for the suspension of the increase in the fuel excise tax brought about by the Tax Reform for Acceleration and Inclusion (TRAIN). Senator Bam Aquino is the most outspoken […]

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 […]