peopleCeNTiLMeN date_rangeAralık 3 2022

Train Law Introduction Essay

President Rodrigo Roa Duterte signed the TRAIN (Tax Reform for Acceleration and Inclusion) law in 2017. This legislation was passed to correct various disadvantages in the current tax system. In the first four months after its introduction, it had both positive and negative effects. Let us know more about them in detail. The essay shows little or no obvious organization Systematically exposes On December 19, 2017, the first package of the reformed program, which is the centerpiece of the government`s plan, signed funds for the Duterte administration`s infrastructure known as Tax Reform for Acceleration and Inclusion (TRAIN) Republic Act (RA) 10963, who should enact this legislative program, to throw away the 20-year-old tax system and make the country`s tax system simpler and fairer. The Duterte administration has this program called “Build, Build, Build,” which aims to build more infrastructure, improve health programs and education programs. The Train Act is expected to generate $1 in its first year. 8 billion in revenue and 70% of this amount will go to construction, construction, construction program and other infrastructure such as military infrastructure, sports facilities, mass transport, new road networks, supply of portable drinking water in all public places and the remaining 30% will be earmarked for investments in education, health, targeted nutrition, social protection, employment, anti-hunger programmes for young children. Infants and mothers, employment and housing, which directly benefit poor and near-poor households. This is the simplified version of the new TRAIN Act; The vision of the Train Act is to allow the personal income of an average Filipino citizen to recover most of their salary and increase income to fund infrastructure, health care and education. contraindicated in patients with a known allergy to NSAIDs and in patients with poor Filipinos demand a cheaper price for rice, called NFA, and this is the type of rice that is deficient in poor Filipino families replacing their rice with bread. Gasoline is consumed in the Philippines 460.

25 thousand barrels per day according to Knowma. com and it is expected since there are 830. 13 private cars only in the Philippines. The goods to be transported consume gasoline, so no matter how much the gasoline cartels raise their prices, there is nothing the government can do about it, and not only has the railway law pushed up prices, but it is one of the main causes and it is as if the train law with the price of gasoline has brought salt into the wound of our economy. PEZA is a government concept as a foreign investment mechanism for foreign and multinational investors to invest and set up businesses in the Philippines. If there are foreign investors in the country, it will not only improve the business economy in the Philippines, but also solve the problem of lack of jobs in the country. Ph needs to attract foreign companies to the Philippines, but with the Trains Act and the upcoming other package of the Trains Act, which eliminates PEZA`s benefits and incentives. Existing PEZA companies are very affected and concerned about the upcoming TRAIN 2 law. Foreign investors are now more reluctant to invest because the TRAIN 2 law will radically change the countries that offer competitive incentives.

Bill 2 on trails is still pending, but there has already been a decline that is already impacting the economy. So the train law is really the right train or is it a train accident? There may be some positive sides to the Trains Act, but they simply included it in the other taxable taxes. The goal of the train laws is to reduce poverty in the Philippines, but right now it only impoverishes the poor because prices compete with the daily needs of a Filipino citizen. Yes, the government has just passed on income taxes to other necessities and commodities and to the ultra-rich, but since everything is interconnected in the economy, almost everything in the market is expensive. In my opinion, the Trails Act should be abolished because everyone in this country is experiencing inflation because of the Trains Act, and that is not acceptable. There may be various reasons why prices are for necessities and goods in the Philippines, but it is the job of governments to stabilize prices, but with the Trains Act, the government is doing the opposite. The government says that because personal income is taxed less, Filipinos should simply spend wisely, but who is really a better donor? The Philippine government or people? If all goods and services are expensive, reducing income taxes is nothing. There are many corrupt officials in the government who spend the money of the “Taong Bayan” that most Filipinos spend on blood, sweat and tears and who spend it without thinking. This means that the government plans to invest more in providing better services to the population, such as health, lifelong learning, education, infrastructure, research and development, infrastructure and social protection. This will increase the productivity of a nation. Everything in business is clearly interconnected and linked, as are the effects of the Train Act on the Philippine economy. If one price rises in the opposite direction, other prices should also rise, and most of this is caused by the train law.

No matter how high prices rise, the Filipino citizen must or is obliged to pay the high prices that are charged. Rice is consumed by a normal Filipino citizen, because a normal Filipino eats rice two or more times a day and with the act, it is said, it means that there is always a demand in the market, the supply is satisfied, but the price is not the ideal price. The TRAIN Act includes economic and political procedures aimed at making the tax reform system simpler, more efficient and fairer for the population. This comprehensive package introduced various changes in income tax, inheritance tax, VAT, stamp duty on documents, donor tax, excise duty on petroleum products, mineral products, tobacco products, sugary drinks, cosmetic procedures and cars. A MODERATE difficulty REFERENCES Main sources of stress LEARNING OBJECTIVES 33 The financial objective of a company is to: A Minimize shareholder wealth B The changes introduced by this tax reform are expected to increase revenues to fund the Duterte administration`s health care, education program and infrastructure. A owes jointly and severally and several creditors XYZ P10000 There is debt cancellation if A X Some TRAIN excise taxes were made to favor the rich parts of society at the expense of the poor. Lower taxes and donor refunds have benefited many wealthy families, and elite families and the poor have lost out in this tax reform. Many factors influence the prices of commodities and basic necessities in the Philippines, while prices before the fluctuation now seem to be going higher and higher than in 2018 when the inflation rate in the Philippines rose, which is not a good thing for Filipinos and the Philippine economy. When we welcomed 2018, the government also passed the new law, the TRAIN Act. There was an idea that this reform system would tax a poor and less affluent part of the population. That was the information promoted by the government. The truth is that the government`s imposition of additional taxes is passed on to middle and lower income groups, thereby increasing the rate of inflation.

2 What is not part of the brain o cerebellum o o B Brain stem o o C Foramen The demand for gasoline must always be satisfied, because it sets the economy in motion and we will have a shortage, it will affect everything in the economy, just as fresh vegetables must be transported to the market, since there is a demand, If it is not transported, it will only cause a loss to farmers because it will only be spoiled. In the Philippines, electricity has only one supplier, Meralco, and a household has its own electricity supplier. If there is an energy shortage, it will lead to delays in the business world and a breakdown in rotation.

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