Non-passage of other tax reform bills may derail ‘Build, Build, Build’ -- Finance chief

THE non-passage of three other proposed tax reform packages will derail the Duterte administration’s ambitious P1 trillion infrastructure program dubbed as “Build, Build, Build,” Finance Secretary Carlos Dominguez warned on Monday.

Dominguez was referring to the proposals on corporate income tax, property tax and capital income tax. The first package, dubbed as the Tax Reform for Acceleration and Inclusion (TRAIN) law, which exempts those earning P250,000 a year or less from paying income taxes, was enacted into law last December 2017.