News

Nestle says 'here to stay' after Nikkei reports shutdown an 'option'

ABS-CBN News
Updated as of Sep 07 12:59 PM

The Nikkei report said the multinational food company was reeling from a government ban against the use of imported sugar in locally manufactured drinks. Read more »

'Difficult' to pass TRAIN 2 this year, says Angara

ABS-CBN News
Posted at Jul 27 12:19 PM

It will be "difficult" to pass the second tranche of tax reforms this year, as the midterm elections loomed and with Congress mired in leadership uncertainty, a senator said Friday. Read more »

DOF, may sagot sa mga mambabatas na kontra sa TRAIN-2

ABS-CBN News
Updated as of Jul 27 01:09 AM

Ayon kay DOF Assistant Secretary Tony Lambino, dapat alalahanin ng Kongreso na marami ang "benepisyong" natanggap mula sa TRAIN package 1. Read more »

Senado, nanindigan na ayaw sa cha-cha, TRAIN-2

ABS-CBN News
Posted at Jul 26 12:43 AM

Tiniyak din ng mga senador na di lulusot sa kanila ang "no-el" scenario sa 2019. Read more »

Skyjet owners ready to cooperate with Customs over seized plane

ABS-CBN News
Posted at Jul 18 08:53 PM

The owners of local airline Skyjet said they are willing to settle unpaid taxes which led to the forfeiture of one of their planes.    Read more »

Eroplano kumpiskado dahil sa 'di nabayarang buwis'

ABS-CBN News
Posted at Jul 17 01:15 AM

Aabot umano sa higit P90 milyon ang dapat bayaran ng kompanyang nagmamay-ari sa eroplano. Read more »

Federalism, how much? P44B? P51B?

Philippine Center for Investigative Journalism
Updated as of Jul 10 05:26 PM

IF THE push for federalism is at core a variant of decentralization, the nation's experience with the Local Government Code that passed in 1991 is an object lesson. Read more »

Supreme Court says local gov't shares should come from all national taxes

Ina Reformina, ABS-CBN News
Posted at Jul 04 07:05 PM

The Supreme Court has ruled that the “just share” of local government units (LGUs), also known as Internal Revenue Allotment (IRA), must be computed based on all national taxes, and not just from national internal revenue taxes. Read more »

Pernia: ODA funding pledges not moving as fast as expected

ABS-CBN News
Posted at Jun 28 01:46 AM

Government's quest for cheap financing for its massive infrastructure push hits a snag as pledges get bogged down by red tape.  Read more »

Chile wants to start taxing companies like Uber and Netflix

Agence France-Presse
Posted at Jun 22 06:47 PM

Chile wants to start taxing digital giants like Uber, Spotify and Netflix to level the playing field for their more traditional counterparts, a minister has said. Read more »

Electronics manufacturers 'willing to live with' 10 pct income tax

Michelle Ong, ABS-CBN News
Posted at Jun 13 02:35 PM

Electronics manufacturers are "willing to live with" a 10-percent corporate income tax rate instead of 15 percent as proposed by the government under the second tranche of reforms, an industry group said Wednesday. Read more »

'Dagdag sa take-home pay sa TRAIN, di ramdam dahil sa dagdag-presyo'

ABS-CBN News
Updated as of Jun 08 12:18 AM

Para sa ilang empleyado, di nila ramdam ang dagdag take-home pay dahil bumigat din ang kanilang gastusin. Read more »

OPINION/SATIRE: Technocrat worried economic policies don't oppress the poor enough

Alan Robles -- Hot Manila
Posted at Jun 02 04:57 PM

A government technocrat said recently he was "very worried" that economic policies are not hurting the poor enough. Read more »

'Junk TRAIN law'

Mark Demayo, ABS-CBN News
Posted at Jun 02 12:39 AM

Activists gather signatures from market-goers and vendors at the Commonwealth Market in Quezon City to petition for the junking of the Tax Reform Acceleration and Inclusion (TRAIN) law on Friday. They called for the junking of the TRAIN law amid the rising prices of fuel and basic goods. Read more »

Duterte nixes tax reform suspension

Dharel Placido, ABS-CBN News
Posted at May 31 02:38 AM

MANILA - President Rodrigo Duterte on Wednesday seemed cool to the idea of suspending the government’s tax reform program, saying his administration needs revenues to fund its projects.   Read more »

TRAIN package 2 may be a 'game changer', analyst says

ABS-CBN News
Posted at May 30 01:04 AM

Supporters of the TRAIN package 2 are expressing fears that mounting dissatisfaction against package 1 will derail the passage of the second tax reform.  Read more »

Tax reform suspension may hurt poor more: economist

Michelle Ong, ABS-CBN News
Posted at May 28 02:00 PM

Suspending the first tranche of tax reforms could end up hurting the poor since this would limit government funding for social services, an economist said Monday. Read more »

TRAIN suspension to 'disrupt the tempo' of reforms: Pernia

Michelle Ong, ABS-CBN News
Posted at May 17 12:19 PM

Stopping certain provisions of the first tranche of tax reforms will "disrupt the tempo" of the broader effort, Socioeconomic Planning Secretary Ernesto Pernia said Thursday. Read more »

Some foreign businessmen back suspension of fuel tax: ECCP

ABS-CBN News
Posted at May 16 05:12 PM

Some foreign investors are in favor of suspending the excise taxes on fuel implemented under the new tax reform law to review its impact on basic goods amid rising inflation, the head of a European trade group said on Wednesday.   Read more »

Bam Aquino wants tax reforms frozen, fuel excise taxes amended

ABS-CBN News
Posted at May 10 07:01 PM

MANILA - Senator Bam Aquino on Thursday called for the suspension of the new tax reform law and amendments to its provision on fuel excise taxes.  Read more »