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