Scribd
Upload
165 views2 pages

Train Law:: Fairer Tax System

The document discusses the Tax Reform for Acceleration and Inclusion (TRAIN) Law implemented in the Philippines in 2019. [1] It aims to create a fairer tax system through decreasing some taxes like personal income tax while increasing taxes on goods like fuel, vehicles, tobacco and drinks. [2] While it initially caused inflation, the government believes it will lead to more sustainable economic growth that benefits all Filipinos. [3] Supporters argue it helps bridge wealth inequality and funds improvements, but critics say it threatens the poor.

Uploaded by

Marianne Jewel Monte Servilla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
165 views2 pages

Train Law:: Fairer Tax System

The document discusses the Tax Reform for Acceleration and Inclusion (TRAIN) Law implemented in the Philippines in 2019. [1] It aims to create a fairer tax system through decreasing some taxes like personal income tax while increasing taxes on goods like fuel, vehicles, tobacco and drinks. [2] While it initially caused inflation, the government believes it will lead to more sustainable economic growth that benefits all Filipinos. [3] Supporters argue it helps bridge wealth inequality and funds improvements, but critics say it threatens the poor.

Uploaded by

Marianne Jewel Monte Servilla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

“TRAIN LAW: Fairer tax system”

"Some have incorrectly blamed our efforts toward a fairer tax system for all the price increases

in the past months, and some irresponsibly suggesting to stop TRAIN's implementation. We

cannot and should not. We need this for sustainable growth that leaves no Filipino left behind,"-

President Rodrigo Duterte

Train Law (Tax Reform for Acceleration and Inclusion) or the Republic Act No. 10963 The new

law that was implemented as the year 2019 started by the Administration of Duterte and the

Senates. This law relatively decreases the tax on personal income, estate and donation but it

increases the tax on certain passive incomes, documents, petroleum products, minerals,

automobiles and cigarettes. It also excises tax on sweetened beverages and non-essential

services. The TRAIN law shifts the tax burden away from income and into consumption. This

law aims to simplify tax compliance, wealthier people, companies and others will contribute

more and the less wealthy will benefit from services obtained through the government.

As this TRAIN law created I can say that it was a good and very helpful law especially to the

average people who has minimum wage that is good for a family’s resources. This law was

made to bridge the gap between rich and poor people, and it is also fairly made. In my opinion

this law’s coverage is wide, for economics, infrastructure buildings, public services and health as

well. In my perspective, increasing of commodities is not a problem, it’s a discipline to people

for them to give importance of money in our lives, for example is the increasing of cigarettes, to

those who smokes it’s not good but if you see the brighter side of it, it conveys a message that

stop smoking and give extra care to one’s health and that instead of buying pack of expensive
cigars, it is better to spend it on the things that are needed in our lives. Same with buying liquors

and other beverages, Having train law in the country has already big impacts in our economy,

because of this, our country gain economic growth even though at the first month of

implementing this law it cause major inflation yet the country adjust with the new tax system.

Train law is not that totally a bad idea after all because it only aims to reduce and eventually

eliminate poverty and inequality in the Philippines. I hope that sooner or later we can see and

feel the change of our beloved country.

 Antonio Contreras “The TRAIN law and the poor” THE MANILA TIMES JANUARY 30,
2018 HTTPS://WWW.MANILATIMES.NET/TRAIN-LAW-POOR/377248/

Ian Nicolas Cigaral “Duterte Year 2: TRAIN threatens poor, president's popularity”
(philstar.com) - June 30, 2018 - 12:24pm
https://www.philstar.com/headlines/2018/06/30/1828436/duterte-year-2-train-
threatens-poor-presidents-popularity#wMptI7uBhpmeOp3q.99

You might also like