Author Topic: Solons ask SC: Stop the TRAIN  (Read 221 times)

adroth

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Solons ask SC: Stop the TRAIN
« on: January 12, 2018, 12:25:21 AM »
Administrator's note: See also Tax Reform for Acceleration and Inclusion (TRAIN)

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Solons ask SC: Stop the TRAIN
By ASHZEL HACHERO
January 12, 2018

http://www.malaya.com.ph/business-news/news/solons-ask-sc-stop-train

THREE militant lawmakers yesterday asked the Supreme Court to stop the implementation of Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) because its ratification in the House of Representatives was invalid.

The solons said most of the congressmen were out attending a Christmas party in a five-star hotel as House leaders forced its ratification in the plenary.

The TRAIN, which reduced personal income tax but raised duties on fuel, cars and sugar-sweetened-drinks and cut exemptions from the value added tax, took effect on Jan. 1.

In their petition, Bayan Muna Rep. Carlos Zarate, ACT Teachers party-list Rep. Antonio Tinio and Ariel Casilao of Anakpawis asked the SC to issue a TRO against the TRAIN, saying the Constitution and the Rules of the House were violated when it was ratified because there was no quorum at that time.

The petitioners said the absence of a quorum on Dec. 13, when the TRAIN was supposed to have been ratified, means there was no voting.

< Edited >
« Last Edit: January 12, 2018, 12:36:53 AM by adroth »

adroth

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Re: Solons ask SC: Stop the TRAIN
« Reply #1 on: January 12, 2018, 12:35:01 AM »
Economic expert warns Train can deliver negative effects to economy
By: Jhoanna Ballaran - Reporter / @JhoannaBINQ INQUIRER.net / 05:21 PM January 06, 2018

Ibon Foundation Executive Director Sonny Africa took a swipe at the Department of Finance’s (DOF) “deceitful” pronouncements that the law would only have a slight impact to the economy.

Africa pointed out that inflation rose and gross domestic product (GDP) growth slowed down in the last two rounds of oil tax increases: in 1996, when the government imposed for the first time the excise tax on oil; and in 2005, when the expanded value-added tax (E-VAT) was implemented.

“In these two years, on the basis of one tax measure alone on oil products, tumaas ang inflation rate, tumaas ang prices ng basic goods and services (the inflation rate increased, the prices of basic goods and services increased.) So I think it is very unfair for the government to say na walang epekto to (that this has no effect),” Africa said during a news forum at Annabel’s Restaurant in Quezon City.

Citing government data, Africa said that inflation rate increased from 8 percent in 1995 to 9.1 percent in 1996; and GDP growth went down from 5.8 percent in 1996 to 5.2 percent in 1997.

GDP growth, on the other hand, went down from 6 percent in 2004 to 5.1 percent in 2005 when the E-VAT was implemented.

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Tax the rich more

Africa said that the government is using the lowering of income taxes as a “smoke screen” the actual effect of the Train Law to the majority of the population.

He explained that the government’s revenue losses from income tax exemption would be shouldered by the poorest 15 million Filipino families.

< Edited >

Read more: https://business.inquirer.net/243644/economic-expert-warns-train-can-deliver-negative-effects-economy-train-tax-reform-ibon-foundation-africa-dof-economics#ixzz53xB1j3hb
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