Progressive groups on Wednesday, January 17, protest against the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law in Bankerohan public market in Davao City. The TRAIN Law is expected to reduce the income taxes of employed Filipinos enabling them to receive higher take-home pay. But the law is feared to affect low-income families as increased excise tax on goods pulls up prices of basic commodities. (Kenneth Paul P. Senarillos / davaotoday.com)
Makabayan scores ‘too much’ incentives for the rich in TRAIN 2
The proposed second package of the Tax Reform Acceleration and Inclusion (TRAIN) Law is a “social injustice” and only serves the interests of giant corporations at the expense of small and medium-sized enterprises (SMEs), progressive lawmakers lamented on Tuesday.
