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Tax reform ‘key link’ to redeeming PH future: Dominguez

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Finance Secretary Sonny Dominguez III answers question during a roundtable discussion with senior editors of The Manila Bulletin yesterday. (Albert Garcia|Manila Bulletin

Finance Secretary Sonny Dominguez III / Manila Bulletin file photo

Finance Secretary Carlos Dominguez III underscored the importance of public diplomacy to win popular support for the Duterte administration’s proposed Comprehensive Tax Reform Program (CTRP) by convincing Filipinos that an overhaul of the outdated tax is the “key link” to “redeeming the country’s future.”

“It is important for us to quickly conduct public diplomacy to win our citizens to the side of reform. We should be able to convince our people of the long-term benefits of renovating the architecture of our country’s revenue system,” Dominguez said. “We need to convince our people the comprehensive tax reform package is the key link to a more inclusive economy further down the road.

“This can be done only with the passage of the comprehensive tax reform program. This is the key link to redeeming our nation’s future,” said Dominguez in his remarks during Friday’s tax reform road show jointly conducted by the Philippine Chamber of Commerce and Industry (PCCI) and the United States Agency for International Development (USAID) at the Shangri-La Hotel in Makati City.

PCCI-USAID tax reform road shows have been held in the provinces of Pampanga, Palawan, Cebu, Bohol, Davao, and Cagayan De Oro to inform the public of the benefits of the CTRP and gather their inputs on how to further fine-tune the proposed tax reform plan.

Dominguez noted that previous secretaries and undersecretaries of the DOF have vigorously endorsed this tax reform package, along with multilateral institutions such as the World Bank, the International Monetary Fund, and the Asian Development Bank.

The Philippines’ development partners, as well as several reform-oriented civil society groups have also expressed their support for the CTRP.

Although the CTRP has secured the support of an increasing number of institutions and organizations, Dominguez said, “It is the man-on-the-street we now need to win over. This man-on-the-street is susceptible to populist and free-rider arguments put forward by groups that oppose any and all reforms in taxation.”

Dominguez said the popular proposals in the CTRP’s first package, such as the significant cuts in personal income tax (PIT) rates and estate taxes are “fairly easy to sell” to the public, but they should also be educated on the underlying reasons behind  these reforms, which are to align tax rates with the rest of the region to make the Philippines a magnet for investments  and to increase the purchasing power of compensation earners to further boost economic productivity.

The CTRP’s first package, introduced in the Congress by Rep. Dakila Carlo Cua as House Bill No. 4774, also aims to lower donor taxes and provide revenue reform measures such as adjusting the excise taxes on automobiles and fuel and broadening the Value Added Tax (VAT) base but retaining exemptions for seniors and persons with disabilities.

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  • underthePhilippineSun

    of course… if you have a bankrupt gov’t you need to TAX the CITIZENS…

    • Jocel

      Congrats, Since your annual salary is below 200k youll not be taxed once the bill is approved

  • abbaj

    ayaw naman nitong si jakol dominguez mag join sa gobyerno pinilit pa nagpa pilit naman ang heeenayooop@ak. ayan mga dutertards tataas ngayon ang tax pagbili kotse courtesy of this @$$h0le dominguez na pareho ni mr. fentanyl hele hele pero quiere! mayaman na ang hay0000p na yan kaya walang kwentang ibulong kay dutae na magtaas ng tax.

    • pedrorizal

      Sino ba bumibili ng high end car na balak taasan ng tax..di ba mayayaman lang…at sino ang balak bawasan di ba yung mga wage worker na mahihirap

      • abbaj

        high end car na ba sa yo ang fortuner, everest, crv? this finance sec and the equally st000pid president want to increase gov’t income thru tax because they cannot attract foreign investors that will increase jobs and export of this country. toying with the tax law is always a desperate attempt. they better increase employment and run after these tax cheats lawyers, doctors and other so called self-employed professionals. you go to progressive countries like singapore and HK. everybody pays tax that’s why their tax increase is stagnant for more than 20years!

        • Jocel

          Lol eh di mag finance secretary ka..hiyang hiya nman kami sa iyo. Huwag kang magalala sa swledo mong 5k per month sure na wala kang buwis na babayaran. Magsaya ka!

          • abbaj

            me 5k? LOL!

          • Jocel

            Ok sige na isali na ntin ang isang libo mong allowance. Lol

          • abbaj

            me 1k allowance LOL LOL!

          • Jocel

            Hahaha sobra ba bro ok 500 pesos. Ok na ha

          • abbaj

            bwahahahaha kunwari ka pa pagpag ang ulam mo. LOL!

          • Jocel

            korek pagpag.. pag umaga sa Bahrain, pag lunchtime sa Saudi pag dinner time Qatar nman. totoo ka nga Pagpag kinakain ko hahahaha. ikaw bro ayaw na kitang awayin kasi marami kna pinagdaanan sa buhay, marami na paghihirap mo. kya good gurl na ako syo.

          • abbaj

            so u are a graduate of recto university eking a living in middle east because u can’t hack it out here in pinas! i was a senior process engr in taiwan once in my career. i went there just for fun and good salary and despite my manager’s objection i went back to my dear motherland after one year because i miss my loving parents and i was getting married to a very nice girl and i was afraid another guy will snatch my beautiful wife. i decided to go back to school and finished my masters at cornell u, continue my career and setup my own engg biz. now i have 4 kids all going to college. i experienced changing their diapers, washing their sh*t, picking them up from school, play hide and seek, bullying kids who bully them. my parents are still alive and we all go tour abroad at least 2x a year and i am still with my beautiful wife who has dedicated her life to me. US and europe are our favorite places to tour. in fact i’ve been to dubai and abu dhabi to take part in a bidding for boilers and evaporators. do not flaunt that lunch in saudi and dinner in qatar because deep inside you u miss the philippines. i would rather eat at bellevue hotel or pig it out at viking’s instead of eating out with those smelly and barbaric arab b@st@rds. yes lots of traffic here but if you have your own driver, it’s not a problem sleeping inside your audi while cruising traffic! now because of that dutae at the helm i have to be honest i lots contracts from a european client!

          • Jocel

            lol, the last time checked you were deported right?thats the very reason why you cant work here And ban ka kasi you were not in the roster of registered Engineer kasi pinagawa mo sa recto ang diploma mo. kahiya ka! … Before you flaunt, dapat may credential ka sa MKOPSC and masters unit sa INSEAD ha ung sa Fontainebleau ? ok? and please, huwag ka masyado proud kasi enhenyerong kanin karin kya di ka tumatagal sa mga Multinational companies. In al fairness nman mas magagaling pa mga Enhinyero ng middle east syo hahaha di kna nahiya. My Ged, Saudi Basic Industries Corp is world’s 4th largest petrochem company. At dapat directly reporting ka sa EVP manufacturing. yan bibilib na ako sa iyo.

          • abbaj

            see you can’t even spell engineer in tagalog, it’s inhinyero not enhenyero lol! i think you have to go home soon as oil price will go down to the sewer. i can give a position in my company, taga tsupa ng driver ko hehehe. INSEAD? man you have the gall to mention it but you can’t write a sensible english. good night, my wife and kids are yelling at me to sleep lol!

          • Jocel

            Lol…Sorry kung nasasaktan ko ung ego mo ..Lol spelling lng pla katapat mo eh.haha. Kung ako wife mo, I would be much prouder kung aabot mn lang sa 1500 buwanang allowance mo kya lng chipitong enhenyero ka lng kasi. Tsk tsk tsk.

          • abbaj

            LOL! you are gay who sucks dick for a living and you can’t even write a decent english. 1500 LMAO! yeah maybe only 1500 usd tonight shorting stocks. bye for now c0cks00ker market is opening in 16 minutes. just an advice, have a blood test asap you don’t know if the guy u lick last night is HIV. positive.

          • Jocel

            Lol …according to my source both you and your wife are on hiv treatment. Patingin mo na rin anak mo kasi for sure sa taiwan mo yan nkuha bro. Hahaha. Di ba ikaw na rin ang nag add sa FB ng former BF mo in college? Haha pa asawa asawa kpa pero tamod nman gusto mo. Lol

          • Jocel

            if you’ll be good to me… hmmm i can give you a big break. We have an extension project in Geleen, Jubail and Sittard sites.

          • abbaj

            by the way, you are a gurl, then you are bading bwahahaha! and to think dutae now disagrees to same sex marriage lol! sige pagbutihin mo ang pagmamanicure sa mga mababahong barbarong arabo sa saudi, bahrain, and qatar. again do not flaunt that work abroad thing, there’s nothing better than be in your own country making lots of money and be with your family everyday!

          • Jocel

            lol linya yan ng mga di mkapasa sa interview for abroad. lol sayo.

          • abbaj

            man! di nakapasa sa interview? LOL! twice in my career i was sent plane tickets just to fly to spore and be interviewed. both i was asked to stay and work immediately. by the way, my undergrad is from mapua, the best engg school second to none. how about u? university of tsupa? LOL!

          • Fair gamer

            Assuming. Pascan mo nga payslip nya! Wala ka namang ebidensya.
            Pokpok na longkatuts na to

          • Jocel

            Lol payslip? May payslip na pla kargador ng asin…hahahaha

          • Fair gamer

            Mas marangal kargador kesa janitress na pokpok.
            Ano tingin mo sa sarili mo? Mayaman na rin tulad ng mga marcos? Asa ka inday! Nyahaha!

          • Jocel

            huwag kang magalit, mas marangal ang kargador ng asin. tandaan mo yan at isaksak sa kukuti mo. hahahaha

    • Jocel

      Nku hayan knanaman kahit di nakaintindi sa binasang engles pa comment comment…lol