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Saturday, January 20, 2018

How will the new TRAIN (new improved tax laws) affect the consumers?

It is more fun criticizing

Rizal Philippines
January 20, 2018


None minimal. Say the govt PR people. Talaga ha.... Eh heto na Kuryete tataas na for consumer. Eh sa industrial kaya?  E di apektado cost of goods sold.

Bam Aquino one of those who voted against TRAIN warns of higher prices

This afternoon I put gas in the car I seldom use. The gas is P51 ++ because the station is TRAIN compliant all ready. That is for gas. And when gas prices go up, next to come is the fare increase.  And freight logistic expenses and then prices of prime commodities. Will the govt impose price control eh dagdag gastos ang buwis.

     Here is the reason why:  (look at the amount of excise tax) even for diesel

RAIN mandates the imposition of an excise tax of P2.50 per liter on diesel and bunker fuel in 2018, P4.50 in 2019 and P6 in 2020. Gasoline excise tax meanwhile will increase from P4.35 per liter to P7 per liter this year, P9 in 2019 and P10 in 2020.

While the said TRAIN law is purported to be pro POOR, it not.  The TRAIN law hits every one poor and rich alike because most the taxes are levied on consumption which affect every one.  

All ready, my family members are rooting against me for campaigning for the Pres who ordered this law to be fast tracked...

Can this post be caned for discussing the truth?