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the direct and indirect taxes that the government levies? Another point to consider are the permits and licenses imposed by local governments regularly on businesses. Permits and licenses used to be applied as regulatory tool of local governments. But with the enactment of the local government code, permits and licenses have become revenue sources of local governments. Thus, even the
Barangays have joined the fray of exacting money from the taxpayers. Without an effective capping system on those revenue raising schemes by the LGU's, taxpayers are left on their own. Nothing is heard from the National Government's Department of Finance in capping this unmitigated impositions. I hope these matters be taken into consideration in the deliberation of the new tax measure. Thanks, more power.
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In crafting a new tax reform bill, it is inevitable that the taxpayers' spendable income be taken into consideration. Thus, if for example a taxpayer, who may either be an individual or a corporation, earns P100K per month, how much of this amount is his actual purchasing power after deducting all
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