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How did the TRAIN Law affect the tax system?
In a separate paper, Dr. Chat Manasan showed that just because TRAIN slapped a higher top marginal tax rate (from 32% to 35%), it doesn’t necessarily mean TRAIN made the tax system more progressive overall. In fact, TRAIN arguably made it less so.
How is the TRAIN law affecting the Philippines?
“The top three social media sentiments read by the research analytics group say that the TRAIN law is more of a burden to the Filipinos, it is anti-poor, and most netizens are generally dismayed by the overall impact of the said law,” it said.
How is the TRAIN Law worsened poverty, inequality?
But even now there’s ample evidence – anecdotal and empirical – that TRAIN has worsened poverty and income inequality, thus belying some of its purported welfare benefits. Keep in mind that a number of lawmakers seeking reelection today advocated for the TRAIN law or otherwise helped push it forward.
When was the TRAIN Law signed into law?
The TRAIN was signed into law by President Rodrigo Duterte on December 19, 2017, effectively lowering the personal income tax rates and expanding the value-added tax (VAT) base starting January 2018.
Last Update: Oct 2021
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