Beruflich Dokumente
Kultur Dokumente
Submitted by:
Abuel, Rey Joyce B.
Adanza, Gina H.
Cristobal, Harlika Dawn C.
Daigdigan, Ivy Mae L.
Ngaso, Estelle Mae A.
BSAC - 1 ACB
Submitted to:
Ann Catherine Ticao Acenas
Abstract
I. Introduction 1
II. Body
2.1 Analyzing The Problem 2
2.2 Legislative History 3
2.3 Advantages and Disadvantages of the Law
2.2.1 Increased Annual Income Tax Exemption 4
2.2.2 Increased Tax Rate for P8-Million Annual Earners 4
2.2.3 Lower Estate Tax and Fairer Value-Added Tax 5
2.2.4 Increased Government Revenue To Support
‘Build, Build, Build’ Program 5
2.2.5 Increased Excise Tax on Oil, Automobiles and
Sugar-Sweetened Beverages 6
2.4 Consequences of The Problem
2.4.1 Effects on Filipino Consumers 7
2.4.2 Effects on Filipino Businesses 7
2.4.3 Government’s Lack of Public Disclosure
2.4.4 Lack of Responsiveness and Accountability
III. Conclusion 8
IV. Recommendations 9
References 10
Bibliography 11
Appendices
ABSTRACT
The report mainly focuses on the relativity of Tax Reform for Acceleration and
additional funds to help support the government’s accelerated spending on its “Build,
Build, Build” and social services programs. Aside from the reason to finance the
the issue of embezzlement, spending of public funds for personal purposes, several
of the previous administration. However, with the positive outlook of the current
administration, people argued and pointed out how ineffective and inefficient the
Law. The enactment of the law reduces personal income tax but it offsets the
benefits because it imposes a higher tax on prime commodities, fuel, cars, tobacco
Based on the results of the report, the authors conclude that TRAIN Law
needs to have proper public disclosure of the allocation of funds in order to maximize
the full potential of the benefits. Moreover, in order to achieve such goal, the
and accountability.
ACKNOWLEDGMENT
The authors wish to express their deepest gratitude to the following people who, in
To Mrs. Ann Catherine Ticao Acenas, adviser, who dedicated her time for the
success of this report. Despite the minimal time allotted for this, she open-handedly
To the family and friends, whose support filled the authors with enormous
And above all, to the LORD ALMIGHTY, for His infinite provision of grace and
divine intervention in the completion of this report, for in Him nothing is impossible for