Tax Reform Acceleration Inclusion undersecretary Karl Chua on Tax reform program 10/09/2017

Tax Reform Acceleration Inclusion undersecretary Karl Chua on Tax reform program



According to undersecretary Karl Chua importance of paying taxes are required from the Filipino citizens to government. this payments fund are we all benefits from projects and expenditures that serve the public interest.

So how does it works? Most taxes are legislated, meaning that representatives elected by the citizens of our country or region will be determine what activities to tax, how much to tax, when to collect those taxes and how the administer proceeds.Individuals, businesses, and other entities subject to the tax must remit the tax or face enforcement action and it will be equitable to all according to their profit income.and we need all citizens must be participate and cooperate and all the governments will have to run on taxes.

So why its matters? taxes are a topic of fierce to debate in our economics,politics, public policy and investing. and it is big help also to our public goods that cannot provide by private citizens and this is the responsible of our government need by poor citizens.

When it comes to Duterte administration we need to pursued to reform tax?Abunda asked. here's what I said our fast reforms is really high raise revenues because we have so much debt or we have a big deficit.and today as we know our economy is so solid and we are recognized globally.Chua added.

We are now raising our collection in terms of revenues it doesn't mean paying taxes are recovery to our deficit debt. it means it will be provide for our government project purposes.Abunda said.

The President really wants the poverty go down from 22% to 14% so thats really lifting to all 6 million Filipinos.

According to the Link of House Bill 5636 To ensure that the government is able to provide for the needs of those under its jurisdiction and care through the provision of better infrastructure, health, education and social protection for the people, which can be done by raising sufficient revenues through the expansion of the value-added tax (VAT) base, increase of the excise taxes on.

Economically speaking, this reform is one of the biggest impact consumption to all  Filipino citizens to address the poverty and in equality for more than anything else.

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