SC issues TRO vs E-VAT

[docpete]

*Mazda2--tama ka diyan bro.Maraming doctor na mahirap din naman pero marami ding ang kita e 6 figures araw araw.Kainggit hehehe..

[mikaztro]

The gov't has already been trying to private many of its assets since FVR's time.

The problem is that the employees of these GOCCs are the ones trying to halt this (along with various militants who oppose privatization).

By the way, the E-VAT law is not only just about raising taxes... but to also help the government monitor the input/output tax declarations of companies. A lot of tax leaks are occurring here (to the tune of P100B last year) thanks primarily to companies who don't want to pay their proper taxes.

Privitization is not the cure for all the budget deficit and I'm not even in favor of it either. What I was stressing is that the governemt should streamline non-performing GOCC's and its staff.

Most of the Filipinos could hardly cope up with their daily subsistence, what more if the 12% VAT is imposed.

I think the government should concentrate more on delivering basic services, eliminate graft and corruption and commit good governance.

The Government should also focus on the recovery of about 30% uncollected VAT every year totalling an average of P61.5 billion the last 2 years instead of raising the VAT rate.

A government, protecting business & self interest only, is but a carcass, and soon falls by its own corruption and decay.

[mrpink]

I think the government should concentrate more on delivering basic services, eliminate graft and corruption and commit good governance.

.. the reality is though .. the gov't is broke .. without any additional sources of income to pay off our debts .. it will bleed the people in order to stay alive ..

[mikaztro]

.. the reality is though .. the gov't is broke .. without any additional sources of income to pay off our debts .. it will bleed the people in order to stay alive ..

The Government is not broke. Only the President and her micro/macro think tanks are the ones who kept telling the Filipinos that their own country is impoverished and bankrupt.

We have lots of resources & means that we can use of in generating additional income for the government. Cut government expenditures, concentrate more on sales, excise and tariff taxes than in individual taxes. Implement tax cuts for individual earners and small business like other countries do to promote jobs and effectively establishment entrepreneurship. Eliminate graft & corruption, recover uncollected taxes worth Billions of pesos, develop farm to market roads for Agri business, etc.

The tax laws are written by men with considerable net worth, and with little understanding of what wage-earners must do to make ends meet.

Additional Tax can serve a vital role in keeping in-check the budget deficit of our government; however, without accountability, they are little more ineffectual and cumbersome at taxpayers' expense.

[mazdamazda]

Most of the Filipinos could hardly cope up with their daily subsistence, what more if the 12% VAT is imposed.

Have you read in full RA 9337? Especially about the still VAT exempt products (which covers basic food & services). If you are living in the province, with their farm to market methods, this has a minimal impact on them. Only those in Metro Manila & its suburbs would be affected as the cost of transporting goods would be higher.

The Government should also focus on the recovery of about 30% uncollected VAT every year totalling an average of P61.5 billion the last 2 years instead of raising the VAT rate.

FYI. The budget deficit for this year is projected to be around P200B. The P61.5B is still not enough to plug the gap.

A government, protecting business & self interest only, is but a carcass, and soon falls by its own corruption and decay.

If you noticed, GMA's platform isn't even pro-big business. It is geared towards the development of SMEs.

Last year, the SULONG program lent already a total of P35B to some 300K SMEs. GMA proposed late last year that this fund be tripled. Microfinancing was also launched for poor women borrowers in which P6B was released. And almost 500K farmers received land.

The Philippines isn't just composed of Metro Manila.

[mrpink]

We have lots of resources & means that we can use of in generating additional income for the government. Cut government expenditures, concentrate more on sales, excise and tariff taxes than in individual taxes. Implement tax cuts for individual earners and small business like other countries do to promote jobs and effectively establishment entrepreneurship. Eliminate graft & corruption, recover uncollected taxes worth Billions of pesos, develop farm to market roads for Agri business, etc.

.. economics 101 .. ivory tower stuff ..

[mikaztro]

Have you read in full RA 9337? Especially about the still VAT exempt products (which covers basic food & services). If you are living in the province, with their farm to market methods, this has a minimal impact on them. Only those in Metro Manila & its suburbs would be affected as the cost of transporting goods would be higher.

How can you say that Filipinos living in the province will have minimal effect by it's implementation? Just to give you 1 example; did you know that Philippine Airlines will be charging 10 percent extra on sales of domestic passenger & cargo carriage in compliance to RA 9337? As the result of this, produce of the farmers will be much higher and subsequently ALL the consumer's will have to pay for it. Likewise, farmers will have additional burden of getting petroleum at a higher cost for their machines, higher maintenance cost, increased pesticide costs, et al. It is like a fire raging in the forest where one can't see where it is coming from.

FYI. The budget deficit for this year is projected to be around P200B. The P61.5B is still not enough to plug the gap.

Yes it is not enough to cover the budget deficit and that's what I said in my previous post "Additional Tax can serve a vital role in keeping in-check the budget deficit of our government; however, without accountability, they are little more ineffectual and cumbersome at taxpayers' expense." Moreover, the government can find other ways in plugging the hole without even passing the additional burden to the Filipino people. I can specify further more but I think you already know what I mean.

If you noticed, GMA's platform isn't even pro-big business. It is geared towards the development of SMEs.

Last year, the SULONG program lent already a total of P35B to some 300K SMEs. GMA proposed late last year that this fund be tripled. Microfinancing was also launched for poor women borrowers in which P6B was released. And almost 500K farmers received land.

Are you an Arroyo Government spokesperson? Just kidding! :D
Seriously, I don't think there is some sense of truth in what you've stated. Yes, The increase in micro-financing capability through self-help groups (SHGs) will enhance the prospects of the rural poor, SHGs have become an essential ingredient in rural development and economy's survival. However, ineffective organisation of decentralised production system and implementation will only further sustain distress among SME's and the likes.

The Philippines isn't just composed of Metro Manila.

Yes you are right! It is composed of each and every Filipino.
By the way, I stay and live in the Province as we speak.

[BlueBimmer]

Philippine Airlines will be charging 10 percent extra on sales of domestic passenger & cargo carriage in compliance to RA 9337?

yes kaya on June 30 i bought 2 booklets of Jetsetter from PAL..pus may TRO pala hehe langhya

[mikaztro]

.. economics 101 .. ivory tower stuff ..

Yes I concur!

He who chooses the beginning of a road chooses the place it leads to. It is the means that determine the end.

Let's all have faith!

[oldblue]

kala ko kaya nila pinu-push E-VAT para palakihin ang mark-up ng isang product or service. anyway, far-fetched nga ito hehehe