There was the book taxing travesty last year and now we have secretary teves trying his best to increase government revenues by increasing E-Vat. Simply put, I am against any increases in the E-VAT. VAT’s are regressive taxes in nature. Regressive in our cases means falls more heavily on the people who can least afford it.\u00a0 Processed foods such as some canned goods etc, or worst the chicheria (junk food) that extremely poor people use to give a little taste to a bowl of rice. All this while politicians maintain multiple houses and businesses , very large businesses evade taxes. This is unacceptable. Tax the poor and the near poor and the middle class (I and most classmates are probably part of the near poor and middle class)while you let the big businesses and even small businesses go to the bank with the paper because their accountants know how to run make money out of accounting software. Increase tax efficiency. Catch the big tax evaders. Close the fucking loop holes that unsavory but slick accountants use to hide profits, revenues etc. In short I salute the creative ways Sec Teves is trying so as to close the budget gap but what he is doing is declaring defeat against the big evaders while lording it over the people like most salaried employees and consumers who have no way of evading the the tax.
\nPS:: I usually go with the crowd in decrying taxes, but honestly I believe in a fair and equitable society where we help each other out. The fortunate sharing some of their fortune to make the lives of the unfortunate just a little more livable. I am not against taxation. I just hate the thought that people who can least afford the tax are the same people who are the easiest targets for taxation.<\/p>\n
\nNoynoy opposes Teves\u2019s plan to raise 12% E-VAT to 15% \tPDF\t\tPrint\t\tE-mail
\nWritten by Butch Fernandez \/ Reporter
\nTuesday, 06 April 2010 20:21
\nFINANCE Secretary Margarito Teves\u2019s plan to jack up the 12-percent expanded value-added tax (E-VAT) to 15 percent met immediate objections from opposition stalwarts, led by Liberal Party standard-bearer Sen. Benigno \u201cNoynoy\u201d Aquino III.
\n\u201cThis [planned E-VAT increase] is the easy way out,\u201d Aquino said, adding: \u201cWe can collect more taxes at the Bureau of Internal Revenue and higher duties at Bureau of Customs if we become more serious in curbing and punishing tax evasion and smuggling.\u201d
\nIn a statement, Aquino assured that if elected, his administration would instead focus on raising revenues by increasing the government\u2019s tax collection efficiency to 17 percent.
\nvia Noynoy opposes Teves\u2019s plan to raise 12% E-VAT to 15%<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"There was the book taxing travesty last year and now we have secretary teves trying his best to increase government revenues by increasing E-Vat. Simply put, I am against any increases in the E-VAT. VAT’s are regressive taxes in nature. Regressive in our cases means falls more heavily on the people who can least afford … <\/p>\n