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Dutertenomics - Tax Reforms

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  • mimigsmimigs Member PEx Veteran ⭐⭐
    FB_IMG_1515099346682.jpg

    Meanwhile... Doomsay pa?
  • gotta lick itgotta lick it Member PEx Influencer ⭐⭐⭐
    pollywog wrote: »
    https://s18.postimg.org/7qqpl761l/Capture.jpg

    Nagunaw ba ang Pilipinas when this happened a few years ago? :rolleyes:

    hindi dahil ......... the Repblicans got kicked out of the White House and the American official declared the are withdrawing from Iraq and Afghanistan.




    the Arabs used their oil cartel to pressure America and released their pressure when Obama became president of the US.

    ayun everybody happy nah. oil price dropped.
  • mimigsmimigs Member PEx Veteran ⭐⭐
    Govt needs to have a massive info drive on TRAIN especially on apprehension of [possible] price increase of basic and politically sensitive commodities.

    totoo, it should be to all newspapers, radio am/fm, tv.. dapat maki isa tong media outlets
  • joerizjoeriz Member PEx Influencer ⭐⭐⭐
    Leading Philippines economists and political leaders agree that the TRAIN Tax Reform will greatly enhance the Philippines economy and will be beneficial to all levels of taxpayers and to all sectors, directly and indirectly, prompting a group of senators to create another bill that will create a TRAIN Committee that will design tax increases year after year!
    They see nothing but a rosy economic future for the Philippines!
  • elBartoloelBartolo Member PEx Influencer ⭐⭐⭐
    Palpak din tong si Alvarez eh.. binigyan ng bala yung kalaban.
  • buddywbuddyw Member PEx Influencer ⭐⭐⭐
    Inflation seen accelerating in ’18 due to TRAIN
    Rate may hit 4%, the top end of BSP’s target range


    Economists expect inflation to have risen by 3.3 percent in December, the same rate as that in November, and to go on an upward trend this year in view of the new or higher taxes slapped on a number of goods under the government’s first tax reform package.

    IHS Markit Asia-Pacific chief economist Rajiv Biswas, DBS Bank Ltd. economist Gundy Cahyadi and ANZ Research economist for South and Southeast Asia Eugenia F. Victorino projected a 3.3-percent year-on-year rise in the prices of basic goods in December.

    Biswas said his forecast reflected “the impact of higher world oil prices in the second half of December.”

    For 2018, Biswas is projecting an increase in the headline consumer price index (CPI) inflation rate due to the impact of the implementation of the first stage of the Tax Reform for Acceleration and Inclusion Act (TRAIN).

    The President signed into law on Dec. 19 package 1A of the TRAIN, which slashed and restructured personal income tax rates while jacking up or slapping new taxes on consumption of oil, cigarettes, sugary drinks and vehicles starting Jan. 1 this year.

    Due to higher indirect taxes, the headline inflation rate is seen to reach “the top end of the Bangko Sentral ng Pilipinas’ target range of 2-4 percent by mid-2018,” he said.
    Since the increases in indirect taxes have a temporary impact on headline inflation and will no longer be factored in after 12 months in the CPI calculation, he said “the BSP (Bangko Sentral ng Pilipinas) should look into this temporary factor when assessing the inflation outlook for its monetary policy decision.”

    “Tighter monetary policy is necessary to keep inflation expectations anchored to the central bank’s target range,” Victorino said, adding that “the first phase of tax reform will put further upside pressure on headline prices.”

    In its last meeting for 2017 on monetary policy on Dec. 14, the BSP’s Monetary Board had kept key interest rates steady on expectations of a manageable inflation in the near term.

    The BSP also maintained its inflation forecasts of 3.2 percent for 2017, 3.4 percent for 2018 and 3.2 percent for 2019.

    In the meantime, the December headline inflation forecasts of Nomura economist Euben Paracuelles and University of Asia and the Pacific economics professor Victor A. Abola were slightly higher at 3.4 percent.

    “The uptick in food prices during the Christmas season should be offset by lower electricity charges and relatively stable fuel prices,” Abola said.

    Ateneo de Manila University economics professor Alvin P. Ang and Land Bank of the Philippines market economist Guian Angelo S. Dumalagan projected a slightly lower 3.2-percent hike in consumer prices last month.

    “Inflation likely fell to 3.2 percent (in December) mainly due to slower annual increases in oil prices, food costs and government spending. The unexpected appreciation of the peso might have also contributed to lower inflation by making imported goods more affordable in local currency terms,” Dumalagan said.

    “The rate of increase in consumer prices might pick up in January because of the TRAIN. Weaker inflation gives the BSP more room to keep policy rates steady even as a rate hike this year is still generally expected amid the persistent monetary tightening of the US Fed and the inflationary impact of the country’s tax bill,” Dumalagan said
    http://business.inquirer.net/243536/inflation-seen-accelerating-18-due-train#ixzz53GhHvq7W
  • joerizjoeriz Member PEx Influencer ⭐⭐⭐
    It is not reasonable to compare prices at this early part of the year 2018! Less than a week! If we admit that, then also admit that to multiply the difference given in less than a week by 26, the result will be the price difference by mid 2018?

    Instant noodles will have a price increase of (.03 x 26) PhP .78!
    in similar manner:
    Canned sardines will increase by PhP 1.04
    Coffee refill by PhP 1.04
    ...
    Pandesal by PhP 1.56
    ....
    Loaf Bread by PhP 3.64
    ....etc.
  • impennimpenn Member PExer
    Obobs yang tweet na yan considering may 4Ps ang mahirap at walang tax break ang mga middle class dati and they're tax heavily considering karamihan sa ating mga pinoy na sa middle class, the working force.

    Sa Tax reform tumaas ang purchasing power ng middle class. Kung tumaas man ng kunti ang bilihin it doesn't diminish the fact that they can chose where to spend their money instead of going directly to the government with higher tax.

    Posting a tweet from Hilbay who approved of Jover Laurio's blogs. Mahilig pala mag circle j3rk tong mga LP die hard fanatics.
  • mimigsmimigs Member PEx Veteran ⭐⭐
    joeriz wrote: »
    Fake chart! CNN will not own this chart. The source is from image.ibb.com

    Image IBB is



    https://image.ibb.co/hsoLnG/FB_IMG_1515099346682.jpg

    :rotflmao:

    excuse me?


    Metro Manila (CNN Philippines, January 4) — Trade Secretary Ramon Lopez shrugged off speculations that the new tax reform law will jack up prices of basic goods.

    "Sa mga nananakot na tataas ng dalawang piso, limang piso wala ho. Punta sila sa mga key accounts. Maraming alternative. May tindahan na murang magbenta below SRP (suggested retail price)," Lopez told reporters during his visit to markets Thursday.

    [Translation: Those who scare off consumers by saying prices will increase by two pesos, five pesos, there is no increase. They should go to key accounts. There are plenty of alternatives. There are stores who sell below the SRP.]

    Lopez went on a surprise visit to groceries in Manila, along with other trade officials.

    "Walang naga-adjust ng SRP, walang abiso na 30 days from now mag-increase sila. Sa ngayon wala," he said.

    [Translation: No one adjusted SRP, without prior notice of the increase 30 days from the date. As of now, no one has done that.]

    He said any impact on prices should be minimal, and will only happen in two to three weeks.

    Here is how basic good and commodities will increase once the tax reform takes effect:

    Basic-prices-of-goods-tax-reform-law-infograhics.png

    Instant noodles, regular canned sardines, a 25-gram sachet of coffee, a can of meat loaf, and detergent soap only see a three or four-centavo increase in prices.

    There will be a six to 10 centavo increase for a 10-piece pandesal pack, a bag of powdered milk, a can of evaporated milk, corned beef, and toilet soap.

    Condensed milk and loaf bread will see a 11 to 14 centavo increase in prices, while a 40-kilogram bag of cement will be ₱1.57 more expensive than before.

    The Trade Department calls on the public to report any unscrupulous trade via the consumer hotline 751-3233 and 0917-834-3330 and its advocacy bureau at 751-0384.

    Those taking advantage of the new tax law will be charged with profiteering and will be fined P20,000 to P1-million, depending on the gravity of the offense.

    CNN Philippines' Senior Correspondent Cecille Lardizabal contributed to this report.

    http://cnnphilippines.com/news/2018/01/04/trade-chief-tax-reform-basic-goods-prices-minimal.html


    huwag ***** okay? :rotflmao:

    nood at basa din ng news boy, labas labas din sa circle jerk.. niyo
  • _knorr__knorr_ 2017 Person of the Year PEx Influencer ⭐⭐⭐
  • pollywogpollywog ...just because PEx Influencer ⭐⭐⭐
    DTI: Tax reform law has minimal effect on costs of goods

    “Yung porsyento naman ng pag increase ng presyo ng langis nasa seven to eight percent lamang, at usually minu-multiply pa ‘yan, at maliit lamang kasi ang portion ng paggamit ng fuel sa production cost ng mga produkto,” he said.

    So pag sinuma-total yan ang specific example natin ay yung presyo ng de lata sardinas ay P14. Dun sa mga ganung halaga ang epekto niyang fuel increase na yan ay singko sentimos lamang. So normally pag ganyan ‘di na ina-adjust ang SRP niyan,”

    At this point, the DTI chief allayed public’s fear amid alleged misinformation that prices of prime commodities would increase due to the Train law.

    Lopez urged the public to inform the DTI through its hotline (751-3233) about manufacturers and stores taking advantage of increasing prices of goods due to the Train law.
  • NilsNils Hunter PEx Influencer ⭐⭐⭐
    :rotflmao: ang gagaling ng mga paid trolls ah. Napresyuhan na kaagad ang mga produkto. Saang supermarket kaya sila bumili? :naughty:
  • blue_tracerblue_tracer soundscapes PEx Influencer ⭐⭐⭐
    the last time we had massive infrastructures panahon pa ni marcos.

    kay tita halus wala.

    kay ramos mayroon kaunti.

    kay gloria mayroon kaunti.

    kay noynoy halus wala.

    naghahabol na tayo ngayon. kailangan talaga magpatayo ng bago at maramihang infrastructures. at kailangan pondohan ito.
  • NilsNils Hunter PEx Influencer ⭐⭐⭐
    mimigs wrote: »
    :rotflmao:

    excuse me?


    Metro Manila (CNN Philippines, January 4) — Trade Secretary Ramon Lopez shrugged off speculations that the new tax reform law will jack up prices of basic goods.

    "Sa mga nananakot na tataas ng dalawang piso, limang piso wala ho. Punta sila sa mga key accounts. Maraming alternative. May tindahan na murang magbenta below SRP (suggested retail price)," Lopez told reporters during his visit to markets Thursday.

    [Translation: Those who scare off consumers by saying prices will increase by two pesos, five pesos, there is no increase. They should go to key accounts. There are plenty of alternatives. There are stores who sell below the SRP.]

    Lopez went on a surprise visit to groceries in Manila, along with other trade officials.

    "Walang naga-adjust ng SRP, walang abiso na 30 days from now mag-increase sila. Sa ngayon wala," he said.

    [Translation: No one adjusted SRP, without prior notice of the increase 30 days from the date. As of now, no one has done that.]

    He said any impact on prices should be minimal, and will only happen in two to three weeks.

    Here is how basic good and commodities will increase once the tax reform takes effect:

    http://cnnphilippines.com/incoming/9mwm68-Basic-prices-of-goods-tax-reform-law-infograhics.png/ALTERNATES/FREE_720/Basic-prices-of-goods-tax-reform-law-infograhics.png

    Instant noodles, regular canned sardines, a 25-gram sachet of coffee, a can of meat loaf, and detergent soap only see a three or four-centavo increase in prices.

    There will be a six to 10 centavo increase for a 10-piece pandesal pack, a bag of powdered milk, a can of evaporated milk, corned beef, and toilet soap.

    Condensed milk and loaf bread will see a 11 to 14 centavo increase in prices, while a 40-kilogram bag of cement will be ₱1.57 more expensive than before.

    The Trade Department calls on the public to report any unscrupulous trade via the consumer hotline 751-3233 and 0917-834-3330 and its advocacy bureau at 751-0384.

    Those taking advantage of the new tax law will be charged with profiteering and will be fined P20,000 to P1-million, depending on the gravity of the offense.

    CNN Philippines' Senior Correspondent Cecille Lardizabal contributed to this report.

    http://cnnphilippines.com/news/2018/01/04/trade-chief-tax-reform-basic-goods-prices-minimal.html


    huwag ***** okay? :rotflmao:

    nood at basa din ng news boy, labas labas din sa circle jerk.. niyo

    HAHAHAHAHAHA! Nagtaka ako kung nasaan yung fake chart... Biglang nag edit ng post pala yung joeriz... Napahiya... Nyahahahahahahahahahahahahahahahahahahahahaha!
  • NilsNils Hunter PEx Influencer ⭐⭐⭐
    joeriz wrote: »
    It is not reasonable to compare prices at this early part of the year 2018! Less than a week! If we admit that, then also admit that to multiply the difference given in less than a week by 26, the result will be the price difference by mid 2018?

    Instant noodles will have a price increase of (.03 x 26) PhP .78!
    in similar manner:
    Canned sardines will increase by PhP 1.04
    Coffee refill by PhP 1.04
    ...
    Pandesal by PhP 1.56
    ....
    Loaf Bread by PhP 3.64
    ....etc.

    So maniwala tayo kay joeriz kesa sa CNN na naglabas na ng table kung ano ang expected na itataas sa presyo ng bilihin! hu da pak is joeriz??? :rotflmao:
  • SHADOW WARRIORSHADOW WARRIOR Member PEx Rookie ⭐
    the last time we had massive infrastructures panahon pa ni marcos.

    kay tita halus wala.

    kay ramos mayroon kaunti.

    kay gloria mayroon kaunti.

    kay noynoy halus wala.

    naghahabol na tayo ngayon. kailangan talaga magpatayo ng bago at maramihang infrastructures. at kailangan pondohan ito.

    Puro reklamo lang naman ang mga bayarang hater ni Digong eh.
    Mga bayaran kasi kaya di na nagiisip ng mas makakabuti sa bayan.
    Gusto nila instant, yung parang mamadyikin lang lahat.
    Mga tamad kasi ang mga yan, kaya ultimo panglaman sa mga sikmura ay iniaasa na lang sa limos ng mga patron nilang pulitiko.
  • NilsNils Hunter PEx Influencer ⭐⭐⭐
    the last time we had massive infrastructures panahon pa ni marcos.

    kay tita halus wala.

    kay ramos mayroon kaunti.

    kay gloria mayroon kaunti.

    kay noynoy halus wala.

    naghahabol na tayo ngayon. kailangan talaga magpatayo ng bago at maramihang infrastructures. at kailangan pondohan ito.

    pagkakatandaan! kaya mataas ang presyo ng kuryente natin ay dahil sa walang kapantay na panggaggalaiti ni santa santita cory sa mga proyekto ni macoy! puno't dulo kung bakit mahal ang binabayaran natin sa kuryente! pasalamatan natin syang lahat! higit dalawang dekada na tayong nagbabayad dahil sa kanyang walang kwentang administrasyon!
  • BunnygervoBunnygervo White Rabbit PEx Influencer ⭐⭐⭐
    Baon kasi sa utang during Tita Cory Administration. Kabilaan pa ang kudeta.

    Recession naman sa time ni kuya Noy.

    Sana talaga maubos na mahihirap sa Pilipinas. Palagi na lang silang sinasaalang alang ng gobyerno. Kahirapan na lang palage dahilan kaya di tayu umusad usad. :lol:
  • NilsNils Hunter PEx Influencer ⭐⭐⭐
    Bunnygervo wrote: »
    Baon kasi sa utang during Tita Cory Administration. Kabilaan pa ang kudeta.

    Recession naman sa time ni kuya Noy.

    Sana talaga maubos na mahihirap sa Pilipinas. Palagi na lang silang sinasaalang alang ng gobyerno. Kahirapan na lang palage dahilan kaya di tayu umusad usad. :lol:

    Saint Cory could have gotten a lot of those Marcos loans written off is she tried. She did not leverage the humonguos amount of goodwill and charity the "bloodless revolution" garnered for our country. Her priority was shutting down all ongoing Marcos projects and cancelling the ones in the pipelines INCLUDING power generation programs without replacing them (ergo, those months long rolling black-outs at the end of her term). The vendetta and revenge against the Marcoses was more important to her than giving the country a boost by unburdening our finances of loan payments.
    when did recession during Aquino's time? what year?

    do you know what "recession" means?

    Recession of an efficient governing body and leadership. [#]NasaanAngPangulo[/#]. :rotflmao:
  • SHADOW WARRIORSHADOW WARRIOR Member PEx Rookie ⭐
    ^^
    yan ang MO ng mga Aquino,
    status quo.
    play safe.

    maganda lang sa papel at short term, pero ampaw.

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