Danilo Suarez: TRAIN Law ‘worsened’ PH economy
Quezon 3rd District Representative Danilo Suarez said the TRAIN law has only worsened the Philippine economy.
This despite the higher revenue collection in the first six months of 2018.
Suarez said Congress should first pass the Tax Amnesty Bill before working on the second package of the TRAIN law.
“The new Tax Amnesty Bill, when enacted, will provide a clean slate for delinquent taxpayers and will encourage all taxpayers especially low-income and middle-income earners, professionals, and even Overseas Filipino Workers to avail of this program and register to the Bureau of Internal Revenue,” he said.
“In effect, this will improve taxpayers’ compliance to national tax policies, increase revenue collection, and reduce corruption,” Suarez added.
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