"It is only right to tax foreign companies, but it should be in the form of corporate tax, not VAT, which is simply passed on to consumers," digital rights group Computer Professionals' Union (CPU) said.
“Higher taxes for oil would create a domino effect that would spike the prices of basic goods and services like water and electricity.”
By INA ALLECO R. SILVERIO Bulatlat.com MANILA - Two party-list lawmakers are going against the plan of the Bureau of International Revenue (BIR) to impose new taxes. Antonio Tinio of ACT Teachers Party-List and Luz Ilagan of Gabriela Women’s Party said the...
By BENJIE OLIVEROS Bulatlat.com The March 4-7 survey of the Social Weather Station, which it made exclusively for Business World, showed that 20.5 percent of respondents or an estimated 4.2 million families experienced hunger at least once in the past three months....
By MARYA SALAMAT
Forming his team to set the direction of change or political payback? So far, except for Justice Sec. Leila de Lima, the Cabinet of Pres. Benigno Aquino III is a mixture of key figures in his campaign, representatives of big business, and old hands of the former Arroyo administration.
If Pres. Arroyo wants to talk about “social payback from the booming economy”, the only acceptable and meaningful social payback that Filipino workers deserve today is a substantial wage increase complemented by price controls, tax reforms, and drastic increases in...
Removing the VAT on oil would stimulate economic activity through savings to consumers on their fuel bills. It is estimated that without the 12 percent VAT, oil pump prices would go down by P4 ($0.098 at an exchange rate of $1=P 40.80) per liter and LPG by P60...
Independent think-tank IBON Foundation criticizes the Department of Energy and Malacañang for passing the zero oil tariff cut, saying that reduced tariffs in the last three months has resulted in even higher prices of oil products. BY IBON FOUNDATION Posted by...
If government increases its tax collection efforts from 14 percent of the gross domestic product to 16 percent, this can produce at least P94 billion ($2,163,904,235) in a year. These revenues are more than enough to cover the revenue losses from the removal of VAT...
BY JANESS ANN J. ELLAO Bulatlat Posted 2:40 p.m., April 25, 2008 Braving the heavy rain, members of the women’s group GABRIELA staged a rally along Nicanor Reyes Steet in Manila at around 10:30 this morning to protest the continuing increase in prices of goods and...
According to the January 2009 IBON Nationwide Survey, 62.5 percent of the 1,500 respondents said that the government subsidy package did not reach them, while 18.1 percent said that it did. BY IBON FOUNDATION Posted by Bulatlat Malacañang released this week the...
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