By DEE AYROSO
The people’s burden
Tags: Value Added Tax
Easing the people’s burden
By DEE AYROSO
Look at sovereign guarantees rather than VAT, Finance Dept told
“Higher taxes for oil would create a domino effect that would spike the prices of basic goods and services like water and electricity.”
Solons buck BIR taxation on voluntary social fund contributions
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 memorandum circular issued by the BIR imposing taxes on voluntary contributions to the…
Benjie Oliveros | Suffering From Fundamentally Flawed Premises
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. This represents an increase from the 18.5 percent or an estimated 3.4 million…
Like Arroyo Like Aquino? Same Cabinet/Government – Same Anti-people Policies
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.
‘Katas ng VAT’ Did Not Reach Majority of Filipinos
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 final P4-billion ($82,850,041 at the current exchange rate of $1=P48.28) tranche of the…
On Zero Oil Tariff Cut: Relieve Consumers, Not Oil Firms
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 Bulatlat Vol. VIII, No. 16, May 25-31, 2008 Independent think-tank IBON Foundation criticizes the…
Study Other Revenue Measures Outside VAT, Gov’t Urged
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 on oil and power. BY IBON FOUNDATION Posted by Bulatlat…
Women’s Group Protests Price Hikes
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 utilities. The protesters shouted, “Gutom na ang masa, Patalsikin…
Removing Vat on Oil to Give Relief to Greater Number of Filipinos
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 ($1.47) per 11-kg cylinder. BY IBON Foundation…