TMAP should propose a tax code that will make Pope Francis proud

Long-held economic doctrines that favor regressive taxation have been debunked by empiricism and evidence. That was the favorable environment, the ideal context, under which the Tax Management Association of the Philippines (TMAP) wrote a draft tax code, which the association had promptly forwarded to the Senate and the House of Representatives.

Needless to say, taxation as a policy tool to ease the pains of the working class and compel the rich to pay their fair share of taxes is now gaining momentum on a global scale. Governments can perfectly do that without jeopardizing their fiscal health and expenditure programs.