Danilo Suarez: TRAIN Law ‘worsened’ PH economy
Quezon 3rd District Representative Danilo Suarez said the TRAIN law has only worsened the Philippine economy.
This despite the higher revenue collection in the first six months of 2018.
Suarez said Congress should first pass the Tax Amnesty Bill before working on the second package of the TRAIN law.
“The new Tax Amnesty Bill, when enacted, will provide a clean slate for delinquent taxpayers and will encourage all taxpayers especially low-income and middle-income earners, professionals, and even Overseas Filipino Workers to avail of this program and register to the Bureau of Internal Revenue,” he said.
“In effect, this will improve taxpayers’ compliance to national tax policies, increase revenue collection, and reduce corruption,” Suarez added.
Recommended on other sites
Politiko Main Latest News
North Luzon Latest News
Metro Manila Latest News
Central Luzon Latest News
Bicol Latest News
Visayas Latest News
The comments posted on this site do not necessarily represent or reflect the views of management and owner of POLITICS.com.ph. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.