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Sunday, September 20, 2009

 

SPECIAL REPORT: MAGNA CARTA FOR INFORMAL SECTOR (IS)  

Analysts: Informal sector to add P70-P100B to govt

 
Dr. Victor Abola of the economics department of the University of Asia & the Pacific (UA&P), which has done an indepth study on the informal sector, has told The Manila Times that every year the government loses up to P100 billion in revenues from the informal sector.

This amount is made up of about P30 billion in unpaid value added taxes in informal transactions, unpaid business permits and registration fees and such things.

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O T H E R   R E P O R T S

 

The informal sector expands as more Filipinos become jobless and companies close down or downsize and the National Economic and Development Authority (NEDA) sees more of this happening.

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Through the years, the advocacy to enact a Magna Carta for informal sector workers has gained ground and strength.

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According to a presentation by Josephine Parilla, one of our country’s staunchest advocates of the rights, dignity and equitable treatment of workers in the informal sector and a moving spirit of PATAMABA (the Pambansang Kalipunan...

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IF luring the informal sector entrepreneurs and workers to join the formal economy will add up to P100 billion to government revenues annually, why doesn’t the Bureau of Internal Revenue (BIR) do something about it?

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Harold Mejilla, Jason Fernandez, Alan Belizario
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