TRAIN-2 worsens the regressiveness of the tax system on top of what TRAIN-1 has done by reducing corporate income tax collections to increase corporate profits … The fiscal incentives scheme should most of all be grounded in a strategic vision of national industrialization.
Tags: TRAIN tax
Increase in SSS contribution ‘the last thing SSS should be doing’ — Bayan Muna
“This (supposed increase in income) is misleading because not all workers would have increased take home pay because of the TRAIN. In fact majority of workers would still have the same wages but will have added expenses due to the TRAIN.”