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Former high-ranking officials of the Department of Finance (DOF) have appealed to the Senate to preserve the revenue requirements under the Duterte administration’s Tax Reform for Acceleration and Inclusion Act (TRAIN) that are intended to support the government’s massive investment program for high and inclusive growth. Ex-DOF Secretary Roberto de Ocampo, a member of the Read More

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The American Chamber of Commerce of the Philippines (AmCham) has joined the long list of prominent organizations from various sectors that have expressed their support for the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), saying that it passes its criteria of being highly progressive, consumption-based, and providing incentives for people to work, save Read More

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Finance Secretary Carlos Dominguez III said Thursday night the Philippines has reached the “make-or-break point” in its economic emergence, with the Comprehensive Tax Reform Program (CTRP) being pushed by the Duterte administration in the Congress setting the stage for the country to join the elite club of the world’s fast-growing, high-income economies one generation from Read More

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Exactly one year this week after the Department of Finance (DOF) formally submitted to the Congress the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to make the current tax system simpler, fairer and more efficient, the DOF is now moving closer to having the game-changing proposal approved with the Read More

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The Department of Finance (DOF) has maintained that the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) will benefit 99 percent of Filipino households because of its proposed income tax cuts for salaried workers plus the unconditional cash transfers for the country’s poorest families. Also, fears over the supposedly adverse impact of the proposed Read More

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DOF thanks Angara committee for endorsing TRAIN for Senate OK The Department of Finance (DOF) has welcomed the endorsement by the Senate ways and means committee for plenary approval of Senate Bill No. 1592, its version of the Tax Reform for Acceleration and Inclusion (TRAIN), with DOF Secretary Carlos Dominguez III lauding the panel for Read More

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Finance Secretary Carlos Dominguez III said even non-wage earners who will not get tax breaks under the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) will still benefit greatly from it in the form of better infrastructure, more jobs and expanded access to education, health and other social services that will be partly funded Read More

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Finance Secretary Carlos Dominguez III told American business leaders that now is the best time to invest in the Philippines, given its vibrant economic prospects anchored on an unprecedented infrastructure buildup on the Duterte watch. Dominguez said President Duterte’s “Build, Build, Build” program, which is a capital-intensive undertaking to be partly funded by the administration’s Read More

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The president of the Philippine Public School Teachers Association (PPSTA) has given his full backing to the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), which he views as a “beneficial” tool that will uplift not only the economic status of its members, but their dignity and morale as well. In a statement, PPSTA Read More

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Two more health advocacy groups have joined the snowballing clamor to adjust the excise taxes on fuel under the proposed Tax Reform for Acceleration and Inclusion (TRAIN) Act to squarely address the worsening air pollution in cities and help mitigate the devastating impact of global warming on the environment. In two separate positions papers, the Read More