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Monday, January 14, 2008 |
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VAT suspension antipoor
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Proposal by Sen. Roxas will only benefit rich people
– IMF
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The International Monetary Fund (IMF) warned
that lifting the 12-percent value-added tax on oil products will
give investors a negative impression of the Philippines.
Also, the suspension is likely to benefit the
rich and hurt the poor, who benefit from social programs funded by
VAT, Reza Baqir, IMF resident representative in the Philippines,
said during a press briefing late Friday.
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O T H E R R E P O R T S
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Retract press warning–US group
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A New York-based media watchdog on Sunday called on the Philippine
government to withdraw a threat to prosecute journalists who get in
the way of police operations.
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Kuomintang wins by landslide in Taiwan
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TAIPEI: Taiwan’s nationalists on Sunday celebrated their landslide
win in legislative elections, setting their sights on the race to
succeed President Chen Shui-bian, who headed in defeat to Guatemala.
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Finance wants single tax rate for sin products
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The Department of Finance is proposing a single tax rate for alcohol
and tobacco products, in a plan to raise higher government revenues.
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Strong peso pushing power rates down
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More power rate cuts are likely given the strong
performance of the Philippine peso versus the US dollar, the Energy
Regulatory Commission (ERC) said.
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SPECIAL REPORT: SENIOR CITIZENS, DEVALUED,
HUMILIATED
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Senate bills to create seat for
seniors on local govt councils
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Last of two parts
SEN. Loren Legarda wants seniors to have
representation in local government councils.
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