- js reader version
- view hidden posts
- tags and related articles
by Party of the Laboring Masses (PLM)
Wednesday, Jun. 28, 2017 at 9:50 PM
The tax system in the Philippines is biased towards the rich. The Duterte government’s new tax reform package House Bill (HB) 5636 or the Tax Reform Acceleration and Inclusion Act (TRAIN), recently adopted by the Lower House of Congress, further burdens the poor – the unemployed and under-employed -- and low-income earners.
1-plm-partido-lakas-ng-masa.jpg, image/jpeg, 524x357
Genuine tax reform means reversing the pro-rich bias in the taxation system. Genuine tax reform must be a mechanism that redistributes wealth, from the rich towards the rest. Income inequality is increasing with the richest families having incomes some nine times more than that of poor families. Genuine tax reform should be a mechanism for reducing the gap in income inequality between the rich and the poor.
The Duterte government’s tax reform does the opposite. According to estimates by some legislators:
-- It reduces the income of the bottom 60% of the households.
-- The monthly take-home pay of poor households will shrink by P1,189 and for middle class workers by P13,652.
How come, when according to the bill, workers earning P250,000 a year or approximately P20,000 per month won’t have to pay taxes? Yes, but this is a con.
More of our income will go towards paying Value Added Taxes or VAT. The VAT will be expanded and some exempted goods and services will now be charged a VAT. According to some estimates the government will be collecting around Php170 billion less from the richest families while the rest of us will be paying more than Php340 billion for previously VAT-exempt items.
We will pay more for oil and petroleum products as the excise tax on oil and petroleum products will be increased. P3.00-P6.00 excise taxes will be imposed per liter on fuel.
The overall package would result in a net gain of P133.8 billion for the government. This tax revenue will mainly fund the Duterte administration’s trillions-worth of infrastructure spending, which will also be awarding lucrative contracts to the corporate rich. It’s a win-win for the rich and their corporations, while the rest of us are being conned. We are being conned into paying the lucrative infrastructure contracts being awarded to the corporate rich – both Philippine and foreign owned.
In view of this, PLM calls for genuine tax reform to redistribute the wealth and reduce the income inequality between the rich and the rest. It means the following:
- Scrap the VAT;
- For a steeply graduated and progressive tax system where the wealthy pay their share;
- Introduce a wealth tax for the super rich;
- An immediate rise in company tax;
- Tax the big environment polluters;
- End the billions in public subsidies to the corporations and banks and energy companies;
- End rampant tax evasion by the corporate rich;
- Double the tax free threshold to P500,000 a year;
- Increase the minimum wage;
- Increase the social wage through the funding of affordable social services. #
By Partido Lakas ng Masa (PLM)
Report this post as:
Change Links 2018 July posted
More Pix: "Families Belong Together," Pasadena
"Families Belong Together" March, Pasadena
Short Report on the Families Belong Together Protest in Los Angeles
Summer 2018 National Immigrant Solidarity Network News Alert!
Watch the Debate: Excluded Candidates for Governor of California
Change Links June 2018 posted
The Montrose Peace Vigil at 12 Years
Unity Archive Project
Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi
CA Senate Bill 1303 would require an independent coroner rather than being part of police
Three years after OC snitch scandal, no charges filed against sheriffs deputies
California police agencies violate Brown Act (open meetings)
Insane Company Wants To Send Nuke Plant Waste To New Mexico
Change Links May 2018
Worker-Owned Car Wash on Vermont Closed
GUIDE TO REBEL CITY LOS ANGELES AVAILABLE
lausd whistle blower
Help KCET and UCLA identify 60s-70s Chicano images
UCLA Luskin: Casting Youth Justice in a Different Light
Change Links April 2018
Nuclear Shutdown News March 2018
Join The Protest Rally in Glendale on April 10, 2018!
Spring 2018 National Immigrant Solidarity Network News Alert!
Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A.
Steve Mnuchin video at UCLA released
Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups
More Local News...
Illegal Russians Receiving Land and Homes in West Bank 2018
Un monde de pauvreté
14 Disturbing Facts About Scott Gottlieb, Trump's FDA Head
Behind the scenes at fbi National Academy
Treasury Takes Aim at Shell Companies
Paraphysique de l'intelligence
Oklahoma GOP Senator Jim Inhofe's Bloody Record
Globalization: hope on the horizon despite Fake Liberals.
Sorry President Trump,Ted Cruz Texas Judicial System,is Worse Than Many Shithole Countries
The Shortwave Report 07/20/18 Listen Globally!
The System Question as a Survival Question
Nation's Largest Voting Machine Co., ESS, Admits Lying Re Having Installed Remote Control
Du pain et des jeux
Paraphysique de martyrologie
Children Incorporated Earns 4-Star Rating on Charity Navigator
Democratic Socialists of America
Leonard Peltier Non Violent Native American Political Prisoner since 1970's
Paraphysique miscellanées de l'aggiornamento
FBI Investigated LA County Sheriff Baca,Why Not Hank Skinner's Persecution?
Updated Partial List Of Famous Vegetarians, Vegans, & Fruitarians
The Shortwave Report 07136/18 Listen Globally!
Social Policy as Social Infrastructure
Vol I: 84 Varieties Of GOP Election Fraud
Texas Can Call it An Execution,But It is A State Sponsored Murder of Hank Skinner..
June 2018 Honduras coup update
Maria Estrada doubles down on racist support
New York Women in Film & Television Announces 2018 NYWIFT Ha Phuong Scholarship Recipients
Trapps de la domination, trapps de l'aliénation
More Breaking News...