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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 […]

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 […]

Tyranny of the Minority?

Yellow Pad By AJ Montesa   The “tyranny of the minority” is a term not often used. In democracies such as ours, primacy in decision making is given to the majority. But the power of the minority can be very real. Whether by formal or informal political structures, it is the reason that obviously beneficial […]