The House Committee on Ways and Means removed P90 billion worth of Value Added Tax (VAT) exemptions under 79 special laws and gave up P6 billion of potential government revenues from taxes on luxury cars in approving the Duterte administration’s tax reform bill dubbed as Tax Reform for Acceleration and Inclusion (Train).

Party-list lawmakers Antonio Tinio of Alliance of Concerned Teachers and Ariel Casilao of Anakpawis made the disclosure a day after the House panel approved the Train bill, which also lowers personal income taxes from 32 percent to 25 percent.

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