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GIS EXCLUSIVE: Gov. Imee Marcos aims to lower price of goods, remove VAT on meds if elected

by admin   |   Posted on Tuesday, 5 February 2019 02:26 PM


Ilocos Norte Governor Imee Marcos on the program Get It Straight with Daniel Razon

QUEZON CITY, Philippines – Ilocos Norte Governor Imee Marcos believes it is unfair to burden sick people with high prices of medicines.

If given chance in Senate, Marcos said she would push for the removal of the 12% value added tax (VAT) not only in few medicines but in all medications.

“Bakit pa lalagyan ng buwis? Bakit pabibigatin pa? May sakit na nga yung tao kadalasan matanda, bakit mo pahihirapan pa?” the lady governor said during an interview in the program Get It Straight with Daniel Razon on Tuesday (February 5).

Marcos believes such proposal is possible since it has been imposed through the Tax Reform Acceleration and Inclusion (TRAIN) Law.

She added that poor Filipinos should enjoy the same privilege as the rich when it comes to the prices of goods.

She intends to help the agriculture sector similar to her father, the late President Ferdinand Marcos, especially the farmers who primarily suffer during calamities.

One of the programs she wants to prioritize is the government’s Pantawid Pamilyang Pilipino Program (4Ps) which she intends to improve to Pantawid Ani which will provide aide to calamity-stricken farmers from 3 to 6 months.

“Ibuo mo ang sa DSWD, DOLE, sa iba’t-ibang pangkat ng pamahalaan at gawin mong Pantawid Ani kung nasalanta ng bagyo o kung nasira ang bahay, namatayan ng mga alagang animals, magtulong tulong,” Gov. Marcos said.

Governor Imee is in favor of a shift to federal form of government but she said the proposal is not necessary at this time given that the provisions of the measure remains unclear.

When asked about her views on Martial Law, Marcos said the situation at present is hugely different from the time of her father. She believed it is necessary given the situation in Mindanao but there is no reason for it in a nationwide scope.

One project his father initiated was the Bataan Nuclear Power plant. Governor Imee seemed to oppose its reactivation.

Instead, she prefers other alternative energy sources specifically the renewable ones such as solar, windmill, and hydroelectric power plant.

“Ang bill namin medyo bumaba higit sa lahat naging tuloy-tuloy. Naging patok pa sa turista,” she said referring to the lower energy rates they enjoy in Ilocos Norte because of renewable energy sources they established.

What needs to be done, Marcos said, is to review the country’s Renewable Energy Act to be fair to the government. – Marje Pelayo (with reports from Rey Pelayo)

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University gazette calls out Marcos’ claim of Princeton U degree

by UNTV News   |   Posted on Monday, 4 March 2019 02:12 PM

Senatorial candidate and Ilocos Norte governor, Imee Marcos (Source: Imee Marcos Facebook page)

The February 26 issue of The Daily Princetonian has called out senatorial aspirant, Imee Marcos on her claim of finishing a degree in Princeton University.

Marcos has reportedly included in her curriculum vitae that she graduated, with honors, at the said university.  She also made the claim in her official Facebook account of being “one of the first female graduates” from the Ivy League school.

The paper said it received an email from the university’s deputy spokesman, saying that Marcos indeed attended school from 1973 to 1976 and from 1977 to 1979, “with independent concentration in Religion and Politics.

The spokesman, however, indicated that there was nothing in their record that shows that Marcos finished the course.

The Daily Princetonian report came following a local controversy wherein the University of the Philippines denied another Marcos’s claim of receiving a degree from the state university.

UP Executive Vice President Teodoro Herbosa, however, confirmed that Marcos did attend courses in the university. — Maris Federez

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Lacson pushes for VAT system reform after fuel tax hike suspension

by admin   |   Posted on Thursday, 15 November 2018 07:03 PM

 

Sen. Panfilo Lacson

MANILA, Philippines — A senator is batting to reform the country’s value-added tax system after the government suspended the collection of the next fuel excise tax scheduled in the first quarter of 2019.

Sen. Panfilo Lacson believes that the proposed reduction in the value-added tax rate from 12 percent to 10 percent will help the government attain its annual revenue targets.

This is amid the projected hefty losses in revenues due to the fuel tax hike suspension.

“Imagine ibinaba mo na ng 10 percent, naka-generate ka pa ng P117-billion incremental revenue,” said Lacson.

“Tayo ang pinakamaraming exemptions sa buong Southeast Asia for that matter, 143”

Lacson is eyeing to slash the number of sectors that are exempted from paying VAT, citing abuses such as in cooperatives, housing sectors and companies in economic zone.

The Department of Finance has expressed support for the said proposal during the passage of the first package of the Tax Reform for Acceleration and Inclusion law.

However, the agency is looking to prioritize the approval of its proposed tax reform packages.

“Pero sa tingin po namin ang mas balanse yung proposed po namin yung series of packages that really benefit the people immediately,” said Usec. Karl Chua.

Senator Lacson hopes that his proposal will gain enough support from his colleagues and hurdle congressional scrutiny. — Nel Maribojoc | UNTV News & Rescue

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Saudi Arabia imposes 5% VAT on basic goods, OFWs advised to spend wisely

by admin   |   Posted on Wednesday, 3 January 2018 06:26 PM

International Philippine School in Al-Khobar

The imposition of the government of Saudi Arabia of a five percent Value Added Tax (VAT) will affect the Arab nation’s food and beverage industry, petroleum products, rents of commercial establishments, remittance fee, and domestic transportation, among others.

The VAT already resulted in an increase of almost 55 percent in prices of gasoline.

With this, electricity rates will go up to 300 percent.

Overseas Filipino worker (OFW) Raymond Tolosa is already complaining because of a ten percent rise in school tuition this year. He worries it will further increase next year because of additional taxes.

“It’s better to send my children back to the Philippines because it’s more costly to study here,” he said.

However, Philippine Ambassador to Saudi Arabia Adnan Alonto noted that some Philippine schools in the Arab country might be exempted from the additional taxes if it can prove that they are community schools.

“For schools that have requested for certification, come here at the embassy… we can assure you that we will release a statement saying you are exempted, ” Alonto said.

Exempted from the additional taxes are residential rents, medicines, and medical equipment.

It was in 2016 when the unified agreement for VAT of the cooperation council for the Arab states of the gulf was released. The Arab Emirates, Bahrain, Qatar, Kuwait, Oman and Saudi Arabia are among the Arab countries that signed the agreement.

The VAT is a financial measure of Saudi Arabia, which will become one of its non-oil revenue sources.

According to Ambassador Alonto, with this development, Filipinos based in Saudi Arabia should learn how to properly save money.

“Filipinos here know how to endure. We know how to strive for our families,” said Alonto — Bong Duqueza | UNTV News & Rescue

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