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  • Name: Dayrit, Gerald D. (2195595)

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    The document analyzes the structural and functional impacts of RA 10963, also known as the Train Law, which reformed the Philippines' outdated tax policies. The law's manifest functions were to rationalize the tax system and reduce corporate income tax rates. However, its latent functions included forcing consumers to change spending habits due to increased taxes on some goods, and potentially decreasing waste. Some negative consequences included inflation from increased product costs, and harming certain industries like sugar due to consumers preferring lower-taxed substitutes. The law could also increase the burden on consumers through higher prices for items like sugar and coffee, tightening budgets especially for the poor.

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    Train law

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    The document analyzes the structural and functional impacts of RA 10963, also known as the Train Law, which reformed the Philippines' outdated tax policies. The law's manifest functions were to rationalize the tax system and reduce corporate income tax rates. However, its latent functions included forcing consumers to change spending habits due to increased taxes on some goods, and potentially decreasing waste. Some negative consequences included inflation from increased product costs, and harming certain industries like sugar due to consumers preferring lower-taxed substitutes. The law could also increase the burden on consumers through higher prices for items like sugar and coffee, tightening budgets especially for the poor.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    62 views2 pages

    Name: Dayrit, Gerald D. (2195595)

    Uploaded by

    Frozted
    The document analyzes the structural and functional impacts of RA 10963, also known as the Train Law, which reformed the Philippines' outdated tax policies. The law's manifest functions were to rationalize the tax system and reduce corporate income tax rates. However, its latent functions included forcing consumers to change spending habits due to increased taxes on some goods, and potentially decreasing waste. Some negative consequences included inflation from increased product costs, and harming certain industries like sugar due to consumers preferring lower-taxed substitutes. The law could also increase the burden on consumers through higher prices for items like sugar and coffee, tightening budgets especially for the poor.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Name: Dayrit, Gerald D.

    (2195595)
    STRUCTURAL FUNCTIONAL ANALYSIS OF RA 10963 (TRAIN LAW)

    Manifest Function Latent Function


    Functions Ex. To reform the outdated Tax Ex. It forces consumers to make
    (Positive Consequences) policy of the country with a more practical changes in their
    rationalized tax system spending patterns due to the
    increase in the tax rates of some
    Your answer: consumer products.

    It will become beneficial to the Your answer:


    corporation where it reduce
    corporate income tax. As before It will led to smart consumption
    the incorporate tax is 30% and where consumer will prioritize their
    now they are planning to “needs” over their “wants”.
    reduce it to 25%. Therefore, this will decrease the
    rates of waste products.

    Dysfunctions Ex. Inflationary effect because Ex. Adversely affects some industries
    (Negative Consequences) the cost of certain products (like sugar) because of the eventual
    increased as their tax rates preference for lower taxed
    were increased. substitutes

    Your answer: Your answer:

    It will increase the burden of The increase on the price of the


    the consumer, which results to sugar-sweetened beverages,
    increase of the price of cigarette will encourage people to
    condiments like sugar and lessen their consumption where this
    coffee. will have a negative impact to the
    poor as their earning is below
    average. This will result to a tight
    budget for them.

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