CO3 TAXATION: Train Law

Based on the articles provided, it appears that the Tax Reform for Acceleration and Inclusion
(TRAIN) law, which was implemented in the Philippines in 2018, has several shortcomings
and negative impacts on low-income individuals and households.
Firstly, the law's focus on increasing revenue through excise taxes on fuel, sugar-sweetened
beverages, and cars, among others, has led to higher prices for everyday necessities, making
it difficult for poor families like mine to make ends meet. This regressive tax system
disproportionately affects lower-income earners, undermining the government's efforts to
reduce poverty and inequality. The tax relief and incentives provided to the wealthy and
corporations do not adequately address the negative impact on low-income earners. This
further exacerbates economic inequality and fails to promote inclusive growth.
Additionally, the articles suggest that the TRAIN law has not done enough to address the
historically regressive nature of the Philippines' tax system. The law should be reviewed and
revised to ensure that it addresses the needs of low-income earners and promotes inclusive
growth. Furthermore, the law's fuel excise taxes have led to increased prices for goods and
services, making it more difficult for poor families to make ends meet. The articles also
suggest that the law's provisions for tax relief for the wealthy do not adequately
compensate for the burden placed on low-income earners.
I also learned that the articles argue that the TRAIN law does not effectively address the
country's tax system issues and instead exacerbates economic inequality. As a citizen, I can
see that the law has not been beneficial to the majority of the population. The government
should focus on progressive tax reform, such as increasing taxes on the wealthy, closing tax
loopholes for corporations, and expanding the value-added tax base. This will ensure that
the tax system is fair and promotes inclusive growth.
Moreover, it's important for the government to review and revise the law to ensure that it
addresses the needs of low-income earners and promotes inclusive growth, rather than
exacerbating economic inequality. The law's focus on increasing revenue through regressive
taxes is counter-productive to the goal of reducing poverty and promoting inclusive growth.
The articles also highlight that the tax system has been historically regressive, and the TRAIN
law has not done enough to address this issue.
I also came across that the articles suggest that the TRAIN law should be reviewed and
revised to ensure that it addresses the needs of low-income earners and promotes inclusive
growth. The government should focus on progressive tax reform, such as increasing taxes on
the wealthy, closing tax loopholes for corporations, and expanding the value-added tax
base.
As a conclusion, I believe that the TRAIN law should be reviewed and revised to ensure that
it addresses the needs of low-income earners and promotes inclusive growth, rather than
exacerbating economic inequality. The government should focus on progressive tax reform,
such as increasing taxes on the wealthy, closing tax loopholes for corporations, and
expanding the value-added tax base.