As is, ‘Trabaho’ bill could cause 30,000...

11 October, 2018 at 10:28

Manufacturers in the Subic Bay Freeport Zone may be forced to lay off at least 30,000 workers to survive the rationalization of tax incentives under the current version of the Trabaho bill.

‘Trabaho’ bill to stem job generation in...

10 October, 2018 at 16:05

The latest tax reform bill championed by the country’s economic managers could result in tepid hiring of new workers in the business process outsourcing (BPO) industry by the year 2022—or just 300,000 vacancies…

[OPINION] Reversed effects

8 October, 2018 at 11:42

In our Kapihan sa Manila Bay last Wednesday, we invited leaders of local and foreign companies representing Philippine industries which are subject of the proposed corporate tax reform bill.

[JFC Statement] Foreign Chamber Comments on TRABAHO

1 October, 2018 at 10:55

Leading business associations in the Philippines are supporting the TRABAHO bill in the Congress but urge that it contain provisions that continue to support the country’s competitiveness.

Job risks in focus as Senate starts...

27 September, 2018 at 10:44

The Senate Ways and Means committee on Tuesday began discussions on corporate tax reform, zeroing in on potential risk to jobs when the government removes fiscal incentives deemed redundant.


26 September, 2018 at 10:00

Senator Sonny Angara said the Senate committee would not proceed with its deliberation of the TRABAHO bill unless the government can present definitive data on the impact on jobs.

‘Trabaho bill’ to force semicons to shed...

21 September, 2018 at 13:00

The irony is real—and could be costly. The government’s second tax-reform measure, dubbed the Trabaho bill in the House of Representatives version, will force the semiconductor industry to lay off 140,000 workers once fiscal incentives are rationalized.

Gov’t urged to address widening trade deficit

20 September, 2018 at 11:56

The Joint Foreign Chambers of the Philippines (JFC) wants the Duterte administration to address the country’s trade imbalance, a problem it pointed out could not be solved with the Trabaho bill.

Hope springs eternal for finance chief amid...

18 September, 2018 at 16:00

The Department of Finance (DOF) has expressed confidence that the second package of its Comprehensive Tax Reform Program (CTRP) will still be passed within this year…

TRAIN 2 year-end OK in Senate faces...

17 September, 2018 at 15:00

A bipartisan consensus is shaping up among senators for a more careful consideration of the administration’s second major tax-reform measure, as senators raised the possibility it may not be passed by Christmas

Bam Aquino: Senators won’t pass TRAIN 2...

17 September, 2018 at 14:00

The second package of the Tax Reform for Acceleration and Inclusion (TRAIN) Law might be moving in the House of Representatives, but its fate is still uncertain in the upper chamber.

Japan firms poised to pull out of...

14 September, 2018 at 08:00

More than a quarter of Japanese firms located in economic zones in Cebu plan to pull out their investments in the country if an opposed tax reform pushes through.

House OKs ‘Trabaho’ bill on 3rd, final...

11 September, 2018 at 11:19

The House of Representatives (HOR) approved on third and final reading on Monday House Bill 8083, or the Tax Reform for Attracting Better and High-quality Opportunities or “Trabaho” bill.

Tax reforms gain ground in House

5 September, 2018 at 11:31

Two tax reforms — one that cuts the corporate income tax rate and removes redundant fiscal incentives, and another that provides for a general amnesty — were approved at different levels in the House of Representatives on Tuesday.

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