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Proposed P16K minimum wage for gov’t employees pushed in Congress

by UNTV News   |   Posted on Wednesday, February 21st, 2018

The House Bill No. 7196 seeks the increase of the monthly minimum wage of gov’t employees and nurses to P16,000.

MANILA, Philippines — The Makabayan bloc has filed a bill in Congress that seeks to increase the salaries of government employees and nurses.

The House Bill No. 7196 seeks the increase of the monthly minimum wage of said workers to P16,000.

The Makabayan bloc explained that Congress should prioritize their proposal after it doubled the salaries of soldiers and policemen.

The left-leaning lawmakers argued that raising the minimum wage is reasonable due to the increase in the prices of commodities and services as a result of the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law. — UNTV News & Rescue

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DOF eyes tax hike on tobacco and liquor

by UNTV News   |   Posted on Tuesday, May 15th, 2018

MANILA, Philippines – The Department of Finance (DOF) is pushing for a tax hike on tobacco and liquor products.

According to Finance Secretary Carlos Dominguez, the proposal is to increase government revenue and to protect the health of the public.

Since the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, the price of each packet of cigarette increased up to P32.50.

Aside from tobacco and liquor products, DOF also wants increase taxes on mining, coal and casino services. – UNTV News &Rescue

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Zarate files bill seeking to repeal TRAIN law

by UNTV News and Rescue   |   Posted on Thursday, May 10th, 2018

 

 

IMAGE_UNTV_NEWS_061317_Carlos Zarate

Bayan Muna party-list Representative Carlos Zarate

QUEZON CITY, Philippines – Opposition congressman Carlos Zarate of the Makabayan bloc in Congress is determined to repeal the Tax Reform for Acceleration and Inclusion (TRAIN) law.

On Thursday, May 10, Zarate filed House Bill Number 7653 which seeks the return of the country’s taxation system to the original National Internal Revenue Code.

The Makabayan congressman argued that the country’s inflation rate has already soared to 4.5% in just the first quarter of the year since the implementation of TRAIN law. Zarate added that if TRAIN continued, the prices of basic commodities would increase and would further burden the people especially the poor.

He said that instead of increasing the taxes, the government should strengthen its revenue collection arm.

“Dapat maging efficient muna ang collection ng collecting agencies natin – BOC and BIR – sa halip na patawan ng bagong buwis ang ating mga mamamayan,”  Zarate said.

(Collection agencies – BOC and BIR – should first improve their efficiency in collecting instead of imposing additional taxes on people.) — Grace Casin | UNTV News & Rescue

 

 

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Suspension of Tax Reform Law will jeopardize the economy – Diokno

by UNTV News and Rescue   |   Posted on Wednesday, May 9th, 2018

DBM Secretary Benjamin E. Diokno

MANILA, Philippines – Budget Secretary Benjamin Diokno on Wednesday said “suspending the law will do more harm than good” to the country’s economy.

Diokno said repealing the Tax Reform for Acceleration and Inclusion (TRAIN) law will jeopardize the country’s revenue collection, in response to the call of some opposition lawmakers seeking to stop the implementation of the tax reform law. They argued that TRAIN only causes the prices of basic goods to shoot up.

But Diokno explained that alongside the implementation of the tax reform law are mitigating measures that the government imposes to curb the effects of inflation such as financial assistance to poor Filipino families.

The Budget Secretary stressed that the effects of TRAIN are only transitory and the situation in the market is expected to return to normal by next year. – Rosalie Coz | UNTV News & Rescue

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