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(Eagle News)–Labor Secretary Silvestre Bello III on Sunday, May 27, said he has ordered wage boards to study the effects of the Tax Reform for Acceleration and Inclusion law on workers in general. Bello made the announcement amid what some say was a surge in the prices of commodities and services as a result of the imposition of excise tax on fuel under the law in particular. “With or without petition, I gave an instruction or […]
(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) — Finance Secretary Carlos Dominguez III has called on lawmakers to proceed with approving the Duterte administration’s proposed reforms on corporate taxation and the modernization of investment incentives, which comprise the government’s second tax reform package. In pushing for the passage of the next phase of the tax reform law, Dominguez said that TRAIN had been “unfairly blamed for the elevated inflation rate.” He said the impact on prices of the first […]
(Eagle News) – Funding for some programs will be “in peril” if the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law is suspended. This is according to Finance Undersecretary and chief economist, Gil Beltran, who made the comment following proposals to suspend the same due to a supposed spike in the rate of inflation, reportedly the fastest in more than 5 years. According to Beltran, in particular, the government expenditures for 2018 on […]
(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 […]
(Eagle News) — Rep. Gary Alejano has filed a resolution seeking for a review of the Tax Reform for Acceleration and Inclusion law. In filing House Resolution 1838, Alejano said “almost all Filipinos, 98 percent, feel the increase in prices, especially in food and beverages..” following the implementation of the law. Like Senator JV Ejercito, Alejano also noted the increase in the inflation rate, which he said was at 4.5 percent. He said this was […]
BERLIN, Germany (AFP) — At least two people were killed and several others were hurt when two trains collided late Monday in Germany, the national rail company said. The Deutsche Bahn network operator said that a commuter service hit a freight train between Ingolstadt and Augsburg in Germany’s southern Bavaria region. “There are some seriously injured and others only lightly,” a Deutsche Bahn spokesman told the German DPA press agency. German police said that a […]
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 […]
NEW DELHI, India (AFP) — At least 13 children were killed and five critically injured Thursday after a train smashed into a small school bus in northern India, an official said. The students, all aged below 10, were being driven to class in Uttar Pradesh state when a passenger train collided with their vehicle at an unmanned railway crossing. The impact of the crash lifted the bus several meter into the air, killing 10 […]
(Eagle News) – The second package of the Tax Reform for Acceleration and Inclusion (TRAIN) will lower the corporate income tax paid by some 95 percent of businesses, and retain and provide new fiscal incentives for deserving recipients. Finance Assistant Secretary Paola Alvarez announced this as she clarified that the fiscal incentives under Package 2 of TRAIN will be given to those who contributed to national development and helped generate pro-poor investments and jobs. Under […]
BEIJING, China (AFP) — China said on Tuesday it would release information on rumors that Kim Jong Un or another high-level North Korean official paid a visit to Beijing “in due course.” Chinese foreign ministry spokeswoman Hua Chunying told a regular briefing she had “no information for the moment. Information will be published in due course.” © Agence France-Presse
TOKYO, Japan (AFP) — A train thought to be carrying a senior North Korean official left Beijing station Tuesday, Japan’s Kyodo News reported, with speculation rife that the North’s leader Kim Jong Un was making a surprise visit. It was not clear if Kim was aboard, Kyodo added, after the reported arrival Monday from Pyongyang of a special train met in Beijing by an honor guard. © Agence France-Presse
