Credit to Author: clopez| Date: Wed, 16 Jan 2019 21:22:39 +0000
Militant lawmakers on Wednesday warned of an “oil price explosion” brought by the second tranche of the Tax Reform for Acceleration and Inclusion Act, or TRAIN 2.
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Opposition Senator Bam Aquino on Wednesday vowed to block the removal of the 10-percent preferential tax rate for private non-profit schools, which he said would lead to higher tuition.
The post Bam Aquino vows to stop tuition hike under TRAIN 2 appeared first on Inquirer News.
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Bayan Muna Rep. Carlos Zarate has criticized the approval of the substitute bill to the Tax Reform for Acceleration and Inclusion (TRAIN) package two, calling it insensitive because the inflation rate for the month of July just reached 5.7 percent.
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Senate President Vicente Sotto III on Saturday said his bill for the second package of the government’s tax reform program has a chance to be approved before the 2019 Elections. According to Sotto, the Tax Reform for Acceleration and Inclusion (TRAIN) 2 might be granted if proven that it would benefit the micro, small, and medium enterprises (MSMEs).
The post Sotto: TRAIN 2 may be approved before 2019 elections appeared first on Inquirer News.
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Although President Rodrigo Duterte had certified as “urgent” the second package of the tax reform law in his State of the Nation Address (Sona), the Senate is “uncertain” if it would soon pass another potentially “inflationary” tax package with the 2019 elections drawing near,” Sen. Sonny Angara said on Friday.
The post TRAIN 2 stalls in Senate despite Duterte push appeared first on Inquirer News.
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