At least three million employees will not be paying income tax under the proposed tax reform of the Duterte administration endorsed by the National Union Party (NUP) and 17 party-list groups. The bill also seeks to increase fuel taxes (P6 per liter for diesel and P10 per liter for gasoline). “At least three million people will be exempted from paying taxes, and the additional revenue [from additional taxes]will reduce extreme poverty and expand our middle income base. This subsidy plan, however, is only good for one year. “The unitary tax favors the interest of those manufacturing imported cigarettes and brands.

Source: Manila Times January 24, 2017 11:49 UTC