Biggest Christmas gift? Non-gainers in tax reform to pay for higher prices of products and services

News Philippines Dec 22, 2017 at 5:01 pm

By Lady Ann Salem (Manila Today)

On December 19, President Rodrigo Duterte signed into law the 2018 national budget and the Tax Reform for Acceleration and Inclusion (TRAIN), saying the TRAIN is “the administration’s biggest Christmas gift to the Filipino people.”

To those who have long voiced out their opposition to TRAIN, no statement could be more ironic.

Independent thinktank IBON Foundation said that even with the reported 7.5 million personal income taxpayers that would be relieved from the tax burden, 15.2 million families would be left without any tax income gains.

 “The overwhelming majority of Filipinos do not get any income tax benefits from TRAIN. Most of the countries 22.7 million families that do not pay income taxes because they are just minimum wage earners or otherwise in informal work with low and erratic incomes,” explained IBON Foundation.

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