PHILIP ARNOLD TUANO, Czar Joseph Castillo, Ramon Clarete and Marjorie Muyrong
Impacts of TRAIN fuel excise taxes on employment and poverty
October 11, 2019
The first package of the Tax Reform for Accelerated Inclusion (TRAIN 1) Law took effect in January 2018. This package focuses on adjustments in income brackets and personal income tax rates, excise tax rates, and value-added tax coverage, among others. In general, personal income taxes are lowered for most taxpayers and raised for the higher income individuals. Meanwhile, among the commodities covered by excise tax adjustments are fossil fuels and petroleum products, automobiles, and sugar-sweetened beverages.
Read more: https://www.think-asia.org/bitstream/handle/11540/11301/pidspn1910.pdf?sequence=1
|