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(Eagle News) — Senator Grace Poe on Thursday, Dec. 13, revealed only one third of the P977 million allotted as fuel subsidy for jeepney drivers and operators has been distributed to them. According to Poe, based on a report given to her, only 69,065 ‘Pantawid Pasada’ cards containing P5,000 subsidy each were turned over to the drivers and operators, for a total amount of P345 million. Poe said there are 171836 intended beneficiaries of the cards, […]
(Eagle News) — The country’s economic managers have withdrawn their recommendation to suspend the implementation of the second round of increase in the excise taxes of petroleum products under the Tax Reform for Acceleration and Inclusion Law. Finance Secretary Carlos Dominguez and Budget Secretary Ben Diokno made the announcement in a press conference on Thursday, Nov. 29. According to Dominguez, the decision to push through with the increase was arrived at by the Development Budget Coordination […]
(Eagle News) — Minority senators on Wednesday, Oct. 10, filed a joint resolution calling for the suspension of the excise tax under the Tax Reform for Acceleration and Inclusion Law and mandating the rollback of levy on fuel to December 31, 2017 rates. In filing Senate Joint Resolution No. 15, Senators Franklin Drilon, Francis Pangilinan, Bam Aquino, Risa Hontiveros, Antonio Trillanes and detained Senator Leila de Lima expressed hope the Senate would “take a unified stance on […]
(Eagle News) — President Rodrigo Duterte on Monday, July 23, rejected calls to suspend the Tax Reform for Acceleration and Inclusion law. In fact, in his third State of the Nation Address, he said he hoped to sign Package 2 of the TRAIN law before the end of the year. “We need this for sustainable growth,” he said. Critics of TRAIN have aired their concerns about inflation allegedly as a result of TRAIN, which imposes […]
(Eagle News) — President Rodrigo Duterte on Sunday, June 3, said the fate of the Tax Reform for Acceleration and Inclusion law was up to Congress. “I leave it to Congress to decide whether or not to amend, or suspend, or modify the law,” the President said in a speech prior to his departure to South Korea at the Ninoy Aquino International Airport. The President, however, added that money was needed to fund government programs […]
(Eagle News)–Senator Bam Aquino on Friday, May 25, urged the government to suspend the excise tax imposed on petroleum products. Aquino made the statement amid what he said was the surge in prices of goods, and after the Department of Energy said this was possible under the Tax Reform for Acceleration and Inclusion law. The DOE said, however, that such a suspension would only cover the excise taxes due for 2019. It was only possible, it […]
(Eagle News) — Bayan Muna Rep. Carlos Zarate has filed a bill which he said “will repeal the anti-poor and anti-people provisions” of the Tax Reform for Acceleration and Inclusion law. In a statement, Zarate said House Bill 7653 will remove the excise tax added to sugar-sweetened beverages. He said HB 7653 will also restore the Value Added tax exemption of low-cost housing, among others. “We hope that this bill will be fast-tracked by Congress because the economic […]
By Moira Encina Eagle News Service The Office of the Solicitor General has asked the Supreme Court to junk the petitions seeking a halt in the implementation of the Tax Reform for Acceleration and Inclusion law. In its more than 70-page consolidated comment, the OSG said the petitions filed by the Makabayan bloc and Laban Konsyumer Inc. were defective and did not have any merit. “The government and the public in general will greatly suffer […]
Respondents, including President Duterte, given 10 days to comment on them By Moira Encina Eagle News Service The Supreme Court has ordered the consolidation of the two petitions challenging the constitutionality of the Tax Reform for Acceleration and Inclusion law. The High Court on Tuesday also said that it has directed the respondents to comment on the petitions separately filed by militant lawmakers and consumer group Laban Konsyumer Inc. Named respondents in the petitions were […]
Majority of gas stations nationwide would have already hiked prices by the end of the month because of the Tax Reform for Acceleration and Inclusion law. Energy Assistant Secretary Leonido Pulido III said in Thursday’s committee on energy hearing that approximately 90 percent of all gas stations would have made the price adjustments. He said the so-called Big 3— Caltex, Petron, and Shell —and Flying V already implemented price hikes on January 15. Authorities have said […]
(Eagle News) — Is that all you’ve got? Solicitor General Jose Calida had this to say to the militant lawmakers who asked the Supreme Court to declare the Tax Reform for Acceleration and Inclusion law unconstitutional. In a Twitter post on Thursday, Calida even thanked Representatives Antonio Tinio of ACT Teachers party-list, Carlos Zarate of Bayan Muna, and Ariel Casilao of Anakpawis, who filed the petition minutes before, for “making (his) job easier.” “Lack of […]
https://youtu.be/AIKtJKmtwbg By Meanne Corvera Eagle News Service The Senate Committee on Energy is slated to hold an oversight hearing next week to investigate abuses of small businesses and companies taking advantage of the Tax Reform for Acceleration and Inclusion law. In an interview over Radyo Agila on Wednesday, Senator Sherwin Gatchalian said his committee would look into reports of grocery stores and gas stations imposing a hike on their products in December last year even before […]
