Ralph Recto: Candidate for Senator

[maverickjazzy]

mga senador ang tanging solusyon lamang pag problema sa pera kuhanin sa taumbayan. kapag kelangan ng pondo ang utilities, they allow utility companies to charge extra from consumers. sa text, sa electricity, sa water parati sila nag-aaprove nyan.

walang kwenta 'tong grupo na ine-elect na'to. as respectable officials, dapat ang ginagawa nila eh humanap ng pera in the form of investments.
sa sitwasyun natin ngaun, only the President and his handful of cabinet members have that job description.

kinekelangan pa ba maging senador para gawin yan? people do it everyday -> "they pass the burden to everyone else other than themselves."

now how does they fall to the phrase "dapat lahat tayo magtulungan tayo bansa natin".

it means that all the citizens of this country must share the responsibility to pay their taxes properly no matter what is their status in life. ang hirap kasi sa atin kung sino pa yung madaya magbayad ng buwis, tax evader at di nagbabayad ay sila pa ang malakas magreklamo.

i've stated before that e-vat is a necessary evil and i would not elaborate further except that during the time of its signing into law, the country or the govt is in danger of not being able to pay its financial obligations. that's the reason why most international credit ratings agency downgraded our ratings at that time.

ihiwalay na po natin ang usapang kurakot dito dahil sa totoo lang napakahirap solusyunan nito.

ano po ba ang kinalaman ng credit ratings ng bansa natin sa evat? kasi kung hindi ipinasa ang evat, ang impression ng mga nagpapautang sa pilipinas ay hindi natin kayang magbayad ng utang dahil kulang ang pondo at kulang ang nakokolektang tax.

ano po ang mangyayari kung bumaba ang credit ratings ng pilipinas? maaring hindi na tayo pautangin o mahirapan na tayong umutang at ang mga inutang natin ay lalaki ang interes. halimbawa po, kung ang utang natin ay $2billion at meron tayong magandang credit rating na "stable", pwedeng ang interest lang nito ay 3% o $60million. pero kung ang credit rating natin ay mababa like "risky", pwedeng ang interest nito ay 10% o $200million. isipin niyo po kung gaano kalaki ang diperensya ng dalawa. kaya kung mababa ang credit ratings ng bansa ay mas malamang na lalong maghirap ang mga mamamayan

eh di wag tayong mangutang problema ba yun? malaking problema po iyon dahil maraming investors ang magdadalawang isip na mamuhunan sa pilipinas dahil ang magiging impression nila ay walang kakayanan ang pilipinas sa pananalapi. malaking problem din po iyon dahil kulang ang magagamit na pondo ng gobyerno para sa pagpapatayo ng mga kalsada, ospital at paaralan.

at ang malaking dahilan sa problem ng bansa sa pananlapi ay mababa ang koleksyon ng tax, maliit ang tax base ng pilipinas at malaki ang ibinabayad nating interest sa utang dahil sa mababang credit ratings ng bansa.

in short, magpapatung-patong ang problem ng pilipinas sa pananalapi.

OT: di po ako taga gobyerno ha, sa private bank ako nagtatrabaho

[A121]

* maverickjazzy,

ok po yung explanation nyo.

[VtEC]

[quote=maverickjazzy;830353]it means that all the citizens of this country must share the responsibility to pay their taxes properly no matter what is their status in life. ang hirap kasi sa atin kung sino pa yung madaya magbayad ng buwis, tax evader at di nagbabayad ay sila pa ang malakas magreklamo.

at ang malaking dahilan sa problem ng bansa sa pananlapi ay mababa ang koleksyon ng tax/quote]

Yan ang problema dyan bro.Kung maganda lang sana ang patakbo ng BIR dina kailangan ang evat.Ang kaso meron silang iniiwasan or kinakatakutan na pontio pilato when it comes to tax collection.Kaya naman takot ang tax collection arm ng govt dahil mismong mga nasa legislative , executive at some in the judiciary ang nanakot sa mga ito na maghabol sa mga big time tax evader.

[oldblue]

it means that all the citizens of this country must share the responsibility to pay their taxes properly no matter what is their status in life. ang hirap kasi sa atin kung sino pa yung madaya magbayad ng buwis, tax evader at di nagbabayad ay sila pa ang malakas magreklamo.

i've stated before that e-vat is a necessary evil and i would not elaborate further except that during the time of its signing into law, the country or the govt is in danger of not being able to pay its financial obligations. that's the reason why most international credit ratings agency downgraded our ratings at that time.

ihiwalay na po natin ang usapang kurakot dito dahil sa totoo lang napakahirap solusyunan nito.

ano po ba ang kinalaman ng credit ratings ng bansa natin sa evat? kasi kung hindi ipinasa ang evat, ang impression ng mga nagpapautang sa pilipinas ay hindi natin kayang magbayad ng utang dahil kulang ang pondo at kulang ang nakokolektang tax.

ano po ang mangyayari kung bumaba ang credit ratings ng pilipinas? maaring hindi na tayo pautangin o mahirapan na tayong umutang at ang mga inutang natin ay lalaki ang interes. halimbawa po, kung ang utang natin ay $2billion at meron tayong magandang credit rating na "stable", pwedeng ang interest lang nito ay 3% o $60million. pero kung ang credit rating natin ay mababa like "risky", pwedeng ang interest nito ay 10% o $200million. isipin niyo po kung gaano kalaki ang diperensya ng dalawa. kaya kung mababa ang credit ratings ng bansa ay mas malamang na lalong maghirap ang mga mamamayan

eh di wag tayong mangutang problema ba yun? malaking problema po iyon dahil maraming investors ang magdadalawang isip na mamuhunan sa pilipinas dahil ang magiging impression nila ay walang kakayanan ang pilipinas sa pananalapi. malaking problem din po iyon dahil kulang ang magagamit na pondo ng gobyerno para sa pagpapatayo ng mga kalsada, ospital at paaralan.

at ang malaking dahilan sa problem ng bansa sa pananlapi ay mababa ang koleksyon ng tax, maliit ang tax base ng pilipinas at malaki ang ibinabayad nating interest sa utang dahil sa mababang credit ratings ng bansa.

in short, magpapatung-patong ang problem ng pilipinas sa pananalapi.

OT: di po ako taga gobyerno ha, sa private bank ako nagtatrabaho

andun na nga yun mga proble-problema na ganyan

pero eto lang yan eh:

Foreign Lender: "Mr. Senator, medyo concerned kami sa pananalapi ng bansa nyo. parang hindi nyo kami mababayaran"

Sen. Recto: "No problem, dadagdagin ko pa ng 2% yun VAT. with 80M Filipinos purchasing, laki nyan. oks na ba?"

Leaders are suppose to be miracle workers not pass on the burden to the already suffering public. hirap na nga ang mamamayan Pilipino magbayad sa 10% vat noon. dinagdagan pa. tapos pa-guilty na kunwari wala naitutulong tayo.

actually, hindi naman gobyerno talaga ang nakinabang sa EVAT kungdi mga businesses kasi sila tumatanggap first hand ng Sales +EVAT. the additional 2% hawak kagad nila. they can declare or not declare pa din. that is still the loophole


that's why ganyan sinapit ng senador na yan. karma lang yan for not doing his homework.

look * HK, walang sales tax duon. The HK govt. is active in participating in the securities market. so as a bonus, yun citizens nila may mga ganito privileges Like "enjoy what you're earning".

[A121]

Its ok to pay tax as long as the government is doing something to help the people pay their taxes. As I have said before, if the government empowers the middle class, the government can collect more tax from them. The poor can't contribute because they are poor. The government can't collect from the rich because the gov't lack the power.

I wish it was very simple as what mr oldblue has stated.

[Syuryuken]

Yan ang problema dyan bro.Kung maganda lang sana ang patakbo ng BIR dina kailangan ang evat.Ang kaso meron silang iniiwasan or kinakatakutan na pontio pilato when it comes to tax collection.Kaya naman takot ang tax collection arm ng govt dahil mismong mga nasa legislative , executive at some in the judiciary ang nanakot sa mga ito na maghabol sa mga big time tax evader.

Yan ang malaking problema sa BIR natin meron silang pinangingilagan.

[chua_riwap]

One example is yung kay Lucio Tan. Ano na ba nangyari sa kaso niya? Absuwelto na ba siya?

[sirmykel]

e di root cause pa rin nito - corruption. tama ba?

[oldblue]

One example is yung kay Lucio Tan. Ano na ba nangyari sa kaso niya? Absuwelto na ba siya?

in the case of Lucio Tan or any tax-evader tycoons, we should give them a brake.

they have helped more Filipinos than the people in the govt did.

[metatron]

in the case of Lucio Tan or any tax-evader tycoons, we should give them a brake.

they have helped more Filipinos than the people in the govt did.

OT

huh???

parang mga marcoses. never mind the exorbitant sum of money they successfully squandered and the number of deaths they caused basta ngayon e nagsosoli sila kahit pakonti-konti ng mga ninakaw nila.

"economic gains" lang pala ang katapat ng hustisya dito sa pinas.

[oldblue]

ewan ko me binanggit ba ako marcos. bakit ang hilig mag-generalize dito

[badsekktor]

alam ko the law applies to everyone or the law applies to none at all so kung naging tax evader... whether si lucio tan pa sya o hindi eh dapat mapatawan ng karapat-dapat na parusa di ba?

pero it clearly shows na most voters are not happy with evat kaya nalaglag si recto

[Altis6453]

it means that all the citizens of this country must share the responsibility to pay their taxes properly no matter what is their status in life. ang hirap kasi sa atin kung sino pa yung madaya magbayad ng buwis, tax evader at di nagbabayad ay sila pa ang malakas magreklamo.

I don't think that's the case at all. Most of us who complain are mere employees who comprise majority of the tax base. Madaya ka na ba just because you happen to hold down a job and your salary gets docked by withholding taxes every payday? I'm willing to bet that the owner of the bank you work for is just as liable for not properly declaring its income thereby evading taxes and contributing to this country's financial malaise.

As to your observation why the additional 2% VAT was needed, I'll reiterate that the original VAT law is flawed as compared to the percentage tax system. Why? Simply because you could not offset the sales tax unlike the VAT which has an input tax vs. output tax mechanism.

[CVT]

> I support and currently am a part of our nation building:

Tax = 32% + 12%*(1-32%) = 40.16%

>> but tax on tax'ed money is really tough. And to think about the current
level of government service given to us, taxpayers.....Hhmmm...

> Like capital gains tax,- it's not a tax on the gain, but tax on the capital.

Sobra ang mga ito! Dapat ay ayusin ang mga ito ng mga mambabatas....

Oooppsss.. OT na....

2901:pokemon:

[maverickjazzy]

andun na nga yun mga proble-problema na ganyan

pero eto lang yan eh:

Foreign Lender: "Mr. Senator, medyo concerned kami sa pananalapi ng bansa nyo. parang hindi nyo kami mababayaran"

Sen. Recto: "No problem, dadagdagin ko pa ng 2% yun VAT. with 80M Filipinos purchasing, laki nyan. oks na ba?"

Leaders are suppose to be miracle workers not pass on the burden to the already suffering public. hirap na nga ang mamamayan Pilipino magbayad sa 10% vat noon. dinagdagan pa. tapos pa-guilty na kunwari wala naitutulong tayo.

actually, hindi naman gobyerno talaga ang nakinabang sa EVAT kungdi mga businesses kasi sila tumatanggap first hand ng Sales +EVAT. the additional 2% hawak kagad nila. they can declare or not declare pa din. that is still the loophole


that's why ganyan sinapit ng senador na yan. karma lang yan for not doing his homework.

look * HK, walang sales tax duon. The HK govt. is active in participating in the securities market. so as a bonus, yun citizens nila may mga ganito privileges Like "enjoy what you're earning".

I think you reaching there when you stated that there 80million purchasing power. The people most affected by evat are those AB/upper class who consumes more and have great purchasing power, while the rest of our people consumes less. BIR estimated that there are only 4 million tax payers and most of them are salaried employees. It is because of this small tax base that the govt was constrained to implement VAT and later modify it to EVAT.

Leaders does not need to become miracle workers, they only need to do what is right and to exhibit political will. And if all of our govt leaders are such, for me that is enough IMHO. example po ang mga iskwater dito sa pilipinas. hindi ito mapaalis ng gobyerno dahil walang political will, natatakot sila sa protesta ng mg leftists at baka hindi sila iboto o manalo sa eleksyon pag pinaalis nila. palagay ba natin tama lang ang mag-squat sa lupa ng may lupa at sabihing dahilan ay dahil mahirap lang sila at walang tulong na maibigay ang gobyerno? nakikisimpatiya ako sa mga kababayan nating walang tirahan pero hindi po tamang dahilan ito para basta na lang sila magtayo sa lupang di naman kanila.

Please post a link or show proof that our govt does not benefit from evat. You probably does not know the spirit of the law nor does not know the contents of evat law. commercial establishments or corporations cannot hide or misdeclare the evat as long as they are audited properly or the receipts were properly documented, that's why us consumers should always demand for official receipts.

Siguro nakarma nga si recto, pero si osmeña na kontra sa vat eh mas konti pa ang botong nakuha. at least si recto may nagawang mabuti para sa mga tao kahit natalo siya at isinisi sa kanya ang evat. as in my previous posts, dumami ang mga investors sa stock market at FDI's. tumaas ang credit rating ng bansa sa STABLE, meaning mas mababa ang interest ng utang natin. lumakas ang piso (hindi lang dahil sa OFW remittance ito, nakatulong din ng malaki ang perceptions ng international financial institutions na stable ang pananalapi ng pilipinas) at dahil sa paglakas ng piso kaya kahit masyadong malaki ang taas ng gas sa international market hindi masyadong malaki ang itinaas ng prices ng gas dito sa atin, na-offset ito ng pagtaas ng piso. lahat po ng ito ay nangyari o nangyayari dahil ang evat ay isa sa malaking dahilan.

We cannot compare the Philippines from HK, different strokes for different folks. Masyadong maunlad na lugar ang HK kumpara sa pilipinas. Malaki ang corporate taxes na nakokolekta ng HK. At dito pumapasok ang perceptions/impressions ng mga investors, kung sa tingin nila stable ang pananalapi ng Pinas, magiinvest sila dito. At kung marami ang nag-invest dito sa atin, lalaki ang tax base.

[maverickjazzy]

in the case of Lucio Tan or any tax-evader tycoons, we should give them a brake.

they have helped more Filipinos than the people in the govt did.

there goes your credibility. tycoons invests here in the philippines because they are profitting immensely. there should never be any special treatment for anyone, be they tycoon or ordinary juan dela cruz. we only deserve the kind of govt we get because of this mentality. they helped a lot of people in the philippines, probably, but they also earned a lot more because of these filipinos that they hired.

[Galactus]

Originally Posted by oldblue
in the case of Lucio Tan or any tax-evader tycoons, we should give them a brake.

they have helped more Filipinos than the people in the govt did.

O, bigyan daw ng preno si Lucio Tan. Hehehe, joke lang po...

Seriously, we should give Lucio Tan a break? What for? Because his various companies employ a lot of people? Following that logic, then we should give all tax-evading tycoons the same privilege, never mind the law against tax evasion.

Now that will send a very, very bad signal to credit-rating agencies and foreign investors.

[maverickjazzy]

I don't think that's the case at all. Most of us who complain are mere employees who comprise majority of the tax base. Madaya ka na ba just because you happen to hold down a job and your salary gets docked by withholding taxes every payday? I'm willing to bet that the owner of the bank you work for is just as liable for not properly declaring its income thereby evading taxes and contributing to this country's financial malaise.

As to your observation why the additional 2% VAT was needed, I'll reiterate that the original VAT law is flawed as compared to the percentage tax system. Why? Simply because you could not offset the sales tax unlike the VAT which has an input tax vs. output tax mechanism.

im not pointing a finger at you, im just stating the obvious that many people if given the chance would probably not pay their taxes properly. and i also stated that most of those who violently opposed the imposition of evat are those tax evaders or those who does not remit taxes properly.

im not privvy to the bank's tax declaration, so i cannot answer your comment that they are also misdeclaring their income. maybe you have some proofs or hard facts or evidence to show that the bank where i work is misdeclaring their income. for your info only, i think this is a no brainer, because banks would not deliberately misdeclare their income and in reality they would rather announce to the whole world that they are very profitable and earning a significant amount.

bakit po gusto nilang magdeclare ng mas malaking kita? perceptions is the key word here just like the philippines international financial standing. sa palagay niyo po ba pag nagdeclare ang bangko na di sila kumikita o maliit lang ang kita (para lang umiwas magbayad ng tamang tax) ay makakabuti iyon sa kanilang negosyo? HINDI PO, kasi pag sinabi ng bangko na wala silang kita o maliit ang kita, mawawalan sila ng kliyente. Kahit ako aalisin ko ang mga deposito ko kung alam kong tagilid ang kalagayan ng bangko. Sino ba ang gustong mag-alisan ang kanilang kliyente. Alalahanin po natin na ang banking industry is the most susceptible to malicious rumors. Marinig lang ng mga kliyente ng nalulugi ang bangko, magwiwithdraw na ng mga deposits nila ang mga yun, resulta bank run. Sino naperwisyo ang bangko ba? OO, pati na rin ang mga depositors. at higit sa lahat naperwisyo ang image ng pilipinas sa buong mundo dahil sa mahinang financial institutions ng bansa.

i dont know what you mean you could not offset the sales tax. percentage tax by and large is good if, this is a big IF, you have a large tax base which the philippines unfortunately does not have right now. so, to enlarge the tax base govt imposes the VAT. as i stated earlier, vat/evat is a necessary evil. when it was signed into law the philippines was on the brink of defaulting its financial obligations and becoming a social pariah in the international financial community just like north korea and iran who are shunned by investors and other countries. at least iran has a vast oil reserves to offset their being tagged as a financial outcast, while the philippines has none to tide itself.

[oldblue]

O, bigyan daw ng preno si Lucio Tan. Hehehe, joke lang po...

Seriously, we should give Lucio Tan a break? What for? Because his various companies employ a lot of people? Following that logic, then we should give all tax-evading tycoons the same privilege, never mind the law against tax evasion.

Now that will send a very, very bad signal to credit-rating agencies and foreign investors.

you know what will send a very very bad bat signal to credit agencies and investors, if tycoons pull-out from the country.

[metatron]

ewan ko me binanggit ba ako marcos. bakit ang hilig mag-generalize dito

sinong nag-generalize? i only mentioned marcos as a tangible example for a comparative counterpoint.

you know what will send a very very bad bat signal to credit agencies and investors, if tycoons pull-out from the country.

it's the corruption and preferrential treatment the government-friendly tax evading tycoons benefit from that's causing the negative perception of international businesses with regards to the philippine economic climate.

if government cleans up the system, mas maraming magiinvest dito sa pinas. heck baka pati mga pinoy immigrants natin ma-engganyong bumalik at dito na lang magnegosyo.

OT na ulit.